Judge Allows Stock Perpetual Futures to Keep Trading, Says CFTC Likely Overstepped Authority
A U.S. federal judge denied an emergency request to halt stock perpetual futures on Kalshi, Coinbase Derivatives, and Bitnomial on Nov. 3, while signaling the CFTC likely exceeded its authority in approving the products. The judge said such contracts may fall under SEC jurisdiction as swaps rather than security futures. The case continues, with the CFTC’s response due Nov. 6.
The ruling directly affects the regulatory boundary between crypto derivatives and traditional securities trading, involving a CFTC-SEC jurisdictional dispute with timely implications for platforms such as Coinbase and Kalshi and the U.S. single-stock perpetual market.
- Who
- A judge
- What
- Allowed stock perpetual futures to keep trading but said the CFTC likely overstepped its authority
Source: Bitcoin Magazine · bitcoinmagazine.com
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