Crypto firms back CFTC authority in stock perpetual futures lawsuit
Image: CointelegraphCoinbase, Kalshi and four other companies asked a federal court to accept an amicus brief. The brief supports the Commodity Futures Trading Commission in a lawsuit regarding single stock perpetual futures. The Capital Markets Alliance Association challenged the regulatory approval of these contracts. A judge denied a temporary restraining order, leaving trading approvals in place.
Key points
- 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.
- A federal judge denied a request for a temporary restraining order, leaving trading approvals in place.
Why it matters
The lawsuit impacts whether regulated US exchanges can offer retail traders perpetual futures tied to individual stocks without fixed expiration dates.
Sources · 4 publishers
Crypto.news
Tier 2
Coinbase, Kalshi, Kraken parent back CFTC in stock perps lawsuit
The Defiant
Tier 1
Coinbase, Five Firms Back CFTC in Stock Perps Lawsuit
Cointelegraph
Tier 1
Coinbase, Kalshi join lawsuit backing CFTC over US stock perp futures
Coverage timeline
- First reported by The Block
- Also reported by Crypto.news
- CryptoVideos brief published
How this page is checked. AI drafted this brief from selected independent reports. Automated checks compare numbers, source coverage and topic terms, but may miss errors. Publication and evidence refreshes run automatically. Read the linked reports for context. Report an error
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