Crypto Lobby Taps Prelogar to Champion Bitcoin Derivatives

A crypto policy group has hired former U.S. Solicitor General Elizabeth Prelogar to write a brief in support of the CFTC's approval of bitcoin perpetual derivatives markets.

The move comes as the CFTC faces opposition from some market participants, who argue that such products are too risky for retail investors.

Crypto advocates see the approval of these markets as crucial for the growth and mainstream acceptance of cryptocurrencies like Bitcoin.