CFTC Approves Equity Perps; Industry Sues
The CFTC approved equity perpetual futures for four exchanges, prompting a lawsuit from the Capital Markets Alliance. Crypto traders see it as bullish for perp venues like Hyperliquid.
What we know
David Hoffman lists the approved exchanges (Kalshi, Coinbase Derivatives, Bitnomial, Nadex/OG.com). The Block reports the Capital Markets Alliance sued within hours. Byzantine General pushes a $HYPE bag, Avi Felman says Selig stays at the CFTC regardless of the midterms, and an account on X frames it as Wall Street going all-in on perps. Separately, another account on X says 56 companies oppose tokenization of their stocks via OKX and ICE.
How the story developed
The CFTC approved equity perpetual futures for four exchanges, prompting a lawsuit from the Capital Markets Alliance. Crypto traders see it as bullish for perp venues like Hyperliquid.
The CFTC chair announced that equity perpetuals can begin trading on registered US exchanges for the first time, with Hyperliquid among the venues touting access for Americans.
Sources
“The Capital Markets Alliance... has sued the CFTC”
View post →By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.