CFTC Chair Michael Selig has defended crypto perpetual futures while stressing they are not suitable for agricultural markets, as regulated crypto perps continue expanding across U.S. venues.
Summary
- Michael Selig said crypto perpetual futures are not a natural fit for agricultural markets that rely on physical delivery.
- The CFTC and SEC have launched a joint review of swap definitions that could affect how crypto perpetuals are regulated.
- CBOE is evaluating crypto perpetual futures after Kalshi’s products generated more than $8.5 billion in trading volume.
According to remarks delivered by Selig at the American Cotton Shippers Association Annual Convention on…
