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32 Fear

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Regulation Neutral

Crypto firms back CFTC authority in stock perpetual futures lawsuit

Coinbase, Kalshi and four other companies asked a federal court to accept an amicus brief.

  • Coinbase, Kalshi, Payward, DRW Holdings, Jump Trading and Paradigm Operations filed a proposed amicus brief.
  • The Capital Markets Alliance Association sued the CFTC over single stock perpetual futures approvals.
  • The lawsuit challenges whether stock perpetual contracts qualify as security futures under joint oversight.
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