CFTC Chairman: Obstacles for US perpetual contracts will be cleared in the coming weeks

CFTC Chairman Mike Selig stated at an event in Washington that the agency is working to allow genuine professional perpetual contracts to operate within the United States in the next month and expects to release relevant announcements soon.

Mike Selig pointed out that previous regulatory policies have led to a significant number 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 Chairman Paul Atkins also noted that while regulators are moving forward with innovation exemptions to allow industry experimentation, there is still a need for Congress to provide legal certainty. Currently, legislative work in the U.S. Senate regarding transparency in the digital asset market is still under negotiation.