The CFTC is doing so to help the United States recapture liquidity that has moved to platforms in Asia, Europe and the Bahamas, CFTC Chairman Michael Selig said Tuesday at the Milken Institute’s Future of Finance conference, according to the report.

“We’re working toward getting perpetual futures — true perpetual futures, not long-dated contracts — here in the U.S. in the next month or so,” Selig said, per the report.

Selig shared a video clip from the conference in a Tuesday post on X and added: “The Biden administration drove crypto asset firms and liquidity offshore, including the perpetual futures markets. We’ve had perpetual futures in crypto assets for a very long time, but they’ve developed offshore. We’ve…