Coinbase, Kalshi, Kraken parent back CFTC in legal fight over stock perpetual futures
Summary
Major industry players are supporting the CFTC in an ongoing legal dispute regarding stock perpetual futures. Meanwhile, opposing forces argue that these financial instruments actually fall under the regulatory authority of the Securities and Exchange Commission.
The Capital Markets Alliance argues that the products fall under the Securities and Exchange Commission’s jurisdiction.
Source: Read the full story at CoinDesk: Bitcoin, Ethereum, Crypto News and Price Data
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