CFTC Pushes Ahead with Perpetual Contract Rules

CFTC Chair Mike Selig has announced that the agency will move forward with US crypto market-structure rules, focusing on perpetual contracts. This decision comes despite the Senate's rejection of the CLARITY Act.

Selig stated that the Commodity Futures Trading Commission can use its existing statutory authority to advance the framework without waiting for Congress to pass a new law. He described the current moment as one for action.

The agency is reviewing rules for markets that operate around the clock on-chain and are powered by algorithms and artificial intelligence agents. The review could affect how such platforms are supervised, potentially leading to a new designated contract market category for leveraged crypto trading under CFTC oversight.