regulationNovember 11, 2026
Crypto Firms Back CFTC in Dispute Over Perpetual Futures
Coinbase, Kalshi, Payward (the parent company of Kraken), DRW, Jump Trading and Paradigm filed a court request to support the CFTC. The regulator faces a lawsuit from the Capital Markets Alliance, which includes Cboe and Citadel Securities.
The alliance challenges the CFTC's authority to allow trading in perpetual futures on individual stocks, arguing such instruments fall under SEC oversight. The crypto firms' applications to launch the contracts were approved on November 2, but the legal dispute continues.
For those who hold or exchange cryptocurrency, this means the question of how perpetual stock futures are regulated remains the subject of an ongoing court case.