CFTC Signals Approval for Crypto Perpetual Futures in the US

Outgoing CFTC Commissioner Summer Mersinger hinted at the possibility of approving crypto perpetual futures in the U.S. soon, despite leadership changes at the agency. She mentioned that these products could enter the market shortly, which would benefit the crypto industry and the U.S. economy. Perpetual futures allow traders to speculate on assets like Bitcoin and XRP, with proponents believing that introducing 24/7 leveraged trading in the U.S. could increase market participation and liquidity. However, critics warn of the risks involved for investors. Mersinger's statements precede her departure to lead the Blockchain Association, along with three other commissioners leaving the CFTC. With fewer regulators, the agency may face challenges in enforcing regulations and implementing digital asset reforms. The confirmation of Brian Quintenz as the remaining commissioner could impact the agency's efficiency until new appointments are made. Read more AI-generated news on: https://app.chaingpt.org/news