The CFTC and SEC have opened a joint public comment process on derivatives product definitions, adding fresh regulatory weight to a debate that could shape how crypto perpetual futures are treated in the United States.

TL;DR

• The agencies are seeking input on definitions under Title VII of Dodd-Frank.
• The move lands as perpetual futures approvals face legal scrutiny.
• The comment window is expected to run for 60 days after publication in the Federal Register.
• The outcome could influence which venues can offer crypto derivatives and under what clearing rules.

Derivatives Definitions Move Back Into Focus

The joint request is not a crypto-only document, but the timing makes it highly relevant for digital asset markets. Perpetual futures sit in an…