CCI Urges CFTC to Keep Perpetual Contracts Under Existing Derivatives Rules

The Crypto Council for Innovation (CCI) has urged the U.S. Commodity Futures Trading Commission (CFTC) to continue allowing perpetual contracts to be evaluated under its existing derivatives framework.

In a letter submitted on August 26, CCI argued that regulators should assess each contract according to the characteristics and risks of its underlying market rather than treating perpetuals as a separate class of derivatives.

The group specifically supported the use of CFTC Regulation 40.3, which allows registered entities to voluntarily submit new products to the Commission for review and approval.