CFTC Prepares US Regulatory Framework for Crypto Perpetual Futures

The US Commodity Futures Trading Commission (CFTC) will introduce rules for crypto perpetual futures contracts within the next month, Chair Michael Selig announced at a Milken Institute panel. The framework will establish structure, oversight, and registration requirements for these derivatives, which currently trade predominantly outside US jurisdiction due to regulatory gaps.

Perpetual futures—derivatives allowing indefinite bets on crypto prices—dominate global crypto markets but lack clear US regulation. Selig's announcement signals the CFTC's intent to bring this activity under its purview. The agency is also developing guidance for prediction markets, expected in the "near future."

Meanwhile, the Digital Asset Market Clarity Act remains stalled in Congressional negotiations. The MOVE comes as the SEC and CFTC emphasize coordination on crypto oversight, with Selig noting collaboration with SEC Chair Paul Atkins to create "a unified approach to regulation."