Crypto Firms File Amicus Brief Defending CFTC Single-Stock Perp Authority

TL;DR Amicus Brief: Coinbase, Kalshi, Payward, DRW Holdings, Jump Trading, and Paradigm are seeking court approval to file a brief supporting the CFTC’s authority over single-stock perpetual futures. Legal Challenge: The Capital Markets Alliance argues that equity perps should be treated as security-based swaps rather than futures, challenging the regulator’s recent approvals. Market Access: Supporting firms contend that U.S. investors should have access to equity perpetual products under existing oversight structures involving both federal market regulators. A coalition of major crypto and trading firms has moved to support the CFTC in a growing legal dispute over single-stock perpetual futures .

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