Today @Coinbase, @Kalshi, @Payward, DRW Holdings, @Jumptrading, and @Paradigm moved for leave to file an amicus brief defending the @CFTC’s authority to regulate single stock perpetuals in the US.
The law is clear. Under the CEA and the securities futures framework Congress established in 2000, security futures products are not “swaps.”
Others would rather litigate than compete with innovative products that promise to open up new markets and financial opportunities for American investors with the oversight and investor protection of the @CFTC and @SECGov built in.
Killing innovation won’t stop these products. It will just keep them offshore and unregulated. We’ve been working for years to onshore equity perps in a responsible and regulated way and won’t stop until we bring these products to our customers.
Read more in our brief 👇🏼
The law is clear. Under the CEA and the securities futures framework Congress established in 2000, security futures products are not “swaps.”
Others would rather litigate than compete with innovative products that promise to open up new markets and financial opportunities for American investors with the oversight and investor protection of the @CFTC and @SECGov built in.
Killing innovation won’t stop these products. It will just keep them offshore and unregulated. We’ve been working for years to onshore equity perps in a responsible and regulated way and won’t stop until we bring these products to our customers.
Read more in our brief 👇🏼
