CFTC Commissioner Summer Mersinger says crypto perpetual futures can make their debut in the US amid a changing regulatory landscape. The outgoing CFTC Commissioner notes that an incoming approval will usher in a raft of benefits for the broader US economy.
CFTC Commissioner Hints At Crypto Perpetual Futures
CFTC Commissioner Summer Mersinger has confirmed plans by US authorities to approve crypto perpetual futures. The outgoing Commissioner disclosed plans in a Bloomberg interview, noting that the US markets are ripe for crypto perpetual futures to make their debut.
Mersinger, in response to a question over the status of their offerings, noted that the US is inching toward approval. However, Mersinger did not give a timeline for the approvals but hinted that crypto perpetual futures will be part of the wave of crypto regulations.
The US is galloping toward stablecoins and a crypto market structure regulation as the Senate advances the GENIUS Act one step closer to launch.
“It would be great to get that trading back onshore in the United States,” said Mersinger. “I think it’s unfortunate that it has been driven offshore for so long.”
While crypto perpetual futures are unavailable in the US, the offerings have surged in popularity in other jurisdictions. Exchanges like Binance and Bybit are recording significant volumes by offering the contracts to foreign-based investors.
These perpetual contracts differ from traditional futures as they allow traders to speculate on crypto prices without expiry dates. Furthermore, traders are attracted to crypto perpetual futures given the perks of leverage and funding fee payouts.
Aliyu Pokima
Aliyu Pokima is a seasoned cryptocurrency and emerging technologies journalist with a knack for covering needle-moving stories in the space. Aliyu delivers breaking news stories, regulatory updates, and insightful analysis with depth and precision. When he’s not poring over charts or following leads, Aliyu enjoys playing the bass guitar, lifting weights and running marathons.
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