Coinbase, Kalshi, Kraken parent back CFTC in legal fight over stock perpetual futures
Summary
Major crypto firms and prediction markets are supporting the Commodity Futures Trading Commission in a legal dispute concerning stock perpetual futures. Meanwhile, the Capital Markets Alliance contends that the regulatory authority over these specific financial products actually belongs to 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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