CFTC Opens U.S. Path for Equity Perpetuals as Lawsuit Follows

The Commodity Futures Trading Commission opened a U.S. route for equity perpetual futures, but a lawsuit filed hours later may test the legal framework behind the products. The approval rests on a 2000 law that established shared oversight for products positioned between commodity and securities regulation. That framework is the legal basis behind the CFTC’s move, placing a decades-old statute at the center of a new U.S. trading market. The same-day lawsuit creates an immediate legal challenge to that route. The CFTC’s decision creates a path for U.S. trading in equity perpetual contracts, while the suit could place the basis for that path before a court. The events put the market’s regulatory foundation in question as the CFTC’s approval is challenged.

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