Blockchain Association Urges SEC and CFTC Coordination to Establish US Regulatory Path for Equity Perpetual Contracts

On August 26, according to an announcement by the Blockchain Association, the organization submitted comment letters this week to the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), urging the two agencies to strengthen coordination, clarify regulatory rules for innovative financial products within the existing legal framework, and establish a clear path for products such as equity perpetual contracts to enter the U.S. compliant market. The Blockchain Association noted that equity perpetual contracts are currently traded primarily outside the U.S., causing the U.S. market to miss out on related price discovery, liquidity, and innovation opportunities.

It recommended that regulators adopt the joint regulatory framework for securities futures and use existing authorities for new derivatives as appropriate; the new framework should focus on transparency, auditability, market surveillance, customer asset protection, financial integrity, and operational resilience. The Association believes that ongoing regulatory uncertainty is driving liquidity, jobs, and market data to migrate overseas.

[TechFlow]