CFTC Chair: Obstacles for US Perpetual Contracts Will Be Cleared in the Coming Weeks

CFTC Chair Mike Selig stated at an event in Washington that the agency is working to allow truly professional perpetual contracts to operate within the United States within the next month, and is expected to release related announcements soon.
Mike Selig pointed out that previous regulatory policies have led to a large amount of companies and liquidity flowing overseas. Additionally, the CFTC and SEC are advancing several digital asset policies through the Project Crypto initiative, including providing clear guidance for DeFi developers and establishing clear standards for prediction markets. SEC Chair Paul Atkins also noted that while regulators are pushing for innovation exemptions to allow industry experimentation, legislative certainty from Congress is still needed. Currently, legislation in the U.S. Senate regarding transparency in the digital asset market is still under negotiation.