CFTC approves equity perpetual futures trading for US retail, immediately sued by Capital Markets Alliance over regulatory authority disputes.
DeFi & Yields ·
The CFTC approved perpetual futures on individual US stocks as security futures products under federal law, enabling retail traders to access products previously available only offshore. Within hours, the Capital Markets Alliance filed suit claiming the CFTC exceeded its authority and encroached on SEC jurisdiction. The CFTC responded by characterizing the lawsuit as interference with regulated markets and stated that US markets should be governed by law rather than litigation meant to block innovation.