The United States is preparing to allow domestic crypto-perpetual futures trading as it grapples with broader rules for crypto markets. The move shows that the Commodity Futures Trading Commission (CFTC) is no longer waiting for lawmakers to bring the larger crypto legislation back from the dust before taking any action. 

The agency is focused on implementing “true perpetual futures” for cryptocurrencies in the United States, CFTC Chairman Michael Selig said, addressing the Milken Institute’s Conference on the Future of Finance. 

These contracts enable traders to place bets on the future price of crypto assets without an expiration date. Unlike conventional futures contracts, which expire on a scheduled date, perpetual futures can…