CFTC Greenlights Crypto Perps Trading in US—Just as Key Commissioners Bail
Regulators flip the switch on crypto derivatives—right as the adults head for the exits.
The Commodity Futures Trading Commission (CFTC) just signaled that perpetual futures contracts—the crypto market’s favorite casino chips—could soon trade legally on US soil. Timing’s ironic, given two commissioners abruptly resigned this week.
Perps get a pass while watchdogs walk. The CFTC’s sudden openness comes as seasoned overseers flee—leaving the crypto wild west with fewer sheriffs. Expect exchanges to ramp up lobbying faster than a degenerate farmer yields.
Another win for crypto’s regulatory arbitrage playbook. When the music stops, remember: the ’decentralized’ crowd always needs centralized approval to play.