CFTC equity perps approved, Citadel/Cboe sue to block
The CFTC cleared single-stock perpetual futures on registered exchanges, and Citadel Securities, Cboe and the Healthy Markets Association sued, arguing the products belong under SEC jurisdiction. CT largely dismisses the suit and sees DEX perps as inevitable.
What we know
Chairman Selig announced equity perps can begin trading on CFTC-registered exchanges, pitching it as keeping markets onshore. Zoomer and Solid Intel (citing Reuters) report that Citadel- and Cboe-backed parties are suing, claiming SEC jurisdiction and a violation of a Congress rule. An account on X calls the incumbents nervous and expects the suit to fail, benefiting Lighter and Hyperliquid, while another account on X frames it as Wall Street going all-in on perps.
How the story developed
The CFTC cleared single-stock perpetual futures on registered exchanges, and Citadel Securities, Cboe and the Healthy Markets Association sued, arguing the products belong under SEC jurisdiction. CT largely dismisses the suit and sees DEX perps as inevitable.
Cboe, Citadel Securities and others sued over the CFTC's approval of perpetual futures on US stocks, citing SEC jurisdiction.
By the Global Eye 24 desk, with AI assistance. Updated as the story develops. Spot an error? Write to corrections@globaleye24.com.