CFTC Set to Approve Crypto Perpetual Futures—Regulatory Dam Breaking Soon, Says Departing Commissioner

Wall Street’s favorite casino game is coming to crypto—with Uncle Sam’s stamp of approval. The CFTC’s outgoing commissioner just dropped the hint every leverage junkie wanted: perpetual futures contracts are about to get the green light.

No more dodgy offshore platforms or ‘trust us, bro’ collateral math. The derivatives watchdog is finally playing ball—just in time for the next cycle’s degenerate gambling spree.

Because nothing says ‘mature asset class’ like letting traders 100x their life savings on a meme coin. Regulators move at blockchain speed—glacial until suddenly explosive.

CFTC to Greenlight Crypto Perpetual Futures

She added that it will be great to get those products trading back onshore in the US. “I think it’s unfortunate that it has been driven offshore for so long.”

Mersinger added that the fact that crypto perpetual futures under US regulatory purview, “is a really good thing for these markets, and will be beneficial to the industry and the US economy.”

She further highlighted that crypto assets are “clearly here to stay” as they are being embraced in the US.

Perpetual futures are a derivative contract type that allows traders to speculate on the price of crypto assets.

Mersinger Steps Down From CFTC, Joins Blockchain Association

As reported by Cryptonews earlier, commissioner Mersinger said that she is stepping down from the regulator on May 30. She will be formally joining Blockchain Association, the crypto trade group, on June 2.

Commodity Futures Trading Commission (CFTC) Commissioner Summer Mersinger has been tapped to lead the Blockchain Association.#CFTC #SummerMersingerhttps://t.co/Flplo4j7fN

President TRUMP nominated Brian D. Quintenz to serve as Chairman of the Commodity Futures Trading Commission (CFTC) for a more business-friendly regulatory approach to overseeing US derivatives markets.

When asked about her departure from the Commission, she noted that CFTC has a “very strong incoming chairman who has a great voice for the crypto industry.”

Talking about her contribution to the upcoming stablecoin legislation and the market structure bill in the US, she said, “the best place for me to contribute to that is through the opportunity that I have with the Blockchain Association.”

Apart from Mersinger, three other CFTC commissioners have announced their departure from the agency, including Republican Caroline Pham and Democrats Christy Goldsmith Romero and Kristin Johnson.