CFTC Clears First U.S. Bitcoin Perpetual Contract for Kalshi; Coinbase Can Offer Certain Deribit Perpetual Futures
The Commodity Futures Trading Commission said Friday it had permitted the listing of a “true bitcoin perpetual contract” on a CFTC-registered exchange, the first U.S.-regulated product of its kind and a step toward bringing one of the most liquid segments of crypto markets within the U.S. regulatory framework. Kalshi said the approved product is its BTCPERP contract, extending the prediction-market company into crypto perpetual futures.
Separately, the agency said Coinbase Financial Markets can offer certain Deribit perpetual futures products to U.S. customers through a foreign affiliate structure, and staff said they would not recommend enforcement over the use of customer-owned digital assets and stablecoins as collateral under specified conditions. The moves broaden the CFTC’s recent push to assert federal authority over derivatives markets, coming a day after it sued Rhode Island over prediction markets and expanding access to products that Coinbase said had left U.S. users shut out of roughly 80% of global crypto markets.
From the sources (25 posts)
@aggrnews*TRUMP: CFTC WILL MAINTAIN EXCLUSIVE AUTHORITY OVER PREDICTION MARKETS *TRUMP: COUNTRIES ARE TRYING TO REPLACE US AS CRYPTO CAPITAL OF THE WORLD *TRUMP: MIKE SELIG, CFTC CHAIRMAN, IS DOING A GREAT JOB PROTECTING CRYPTO INDUSTRY
@tradfi*TRUMP: CFTC EXCLUSIVE AUTHORITY OVER PREDICTION MARKETS MUST BE MAINTAINED *TRUMP: CRYPTO AND BITCOIN CAPITAL OF THE WORLD MUST REMAIN PROTECTED FROM FOREIGN COMPETITION
@wallstengineTRUMP: CFTC EXCLUSIVE AUTHORITY OVER PREDICTION MARKETS MUST BE MAINTAINED
@kalshi_cryptoJUST IN: Trump says countries are trying to replace America as crypto capital of the world
@bitcoinmagazineJUST IN: 🇺🇸 President Trump says the USA is currently the Bitcoin capital of the world and other countries "are trying diligently to replace us in that capacity, but we won't let that happen." 👀 "It is a major industry, and we must protect
@coindeskJUST IN: President Trump says it is “critically important” that the CFTC maintain “exclusive authority” over prediction markets, while calling the U.S. the “Crypto (Bitcoin, etc.) Capital of the World.”
@wublockchainTrump: CFTC Must Retain Exclusive Authority Over Prediction Markets, U.S. Must Protect Crypto Industry U.S. President Donald Trump said it is “critically important” that the CFTC retain exclusive authority over prediction markets and that
@eleanorterrett🚨NEW: President Trump just praised the @CFTC and @ChairmanSelig’s fight for federal preemption over prediction markets while touting America as the Crypto/Bitcoin Capital of the World. “It is a major industry and we must protect it.”
@cointelegraph🇺🇸 NEW: Donald Trump said the U.S. must protect its leadership in prediction markets and crypto, warning that other countries are trying to overtake America as the “Bitcoin capital of the world.”
@tftc21Trump states the United States remains the global Bitcoin capital and commits to maintaining that position against international competition.
@theblockco'Critically important': President Trump backs CFTC Chair Selig’s push to expand prediction market authority
@theblockcoRT @ForTheWynn_: President Donald Trump is weighing in on who should be regulating prediction markets, publicly backing his Commodity Futu…
@businessPresident Donald Trump backed the CFTC as the sole regulator of prediction markets, siding with the agency amid a growing legal fight with states over the multibillion-dollar industry
@zerohedgeTrump Backs CFTC Authority Over Prediction Markets
@yahoofinancePresident Trump released a new endorsement of prediction markets on Truth Social. @scottmelker breaks it down:
@businessThe White House is reviewing a new CFTC proposal that would lay out guidelines for event contracts, the agency’s latest move to mark its turf as it battles with states over who gets to regulate the exploding prediction markets
@chairmanseligAs I’ve said before, the @CFTC has the expertise and responsibility to defend its exclusive jurisdiction over commodity derivatives. That's exactly what we've done today by demanding Rhode Island cease its attempts to preempt federal regu
@zerohedge*CFTC SUES TO BLOCK RHODE ISLAND ENFORCEMENT ON CONTRACT MARKETS
@cnbcCFTC sues Rhode Island over actions against prediction markets
@firstsquawkU.S. CFTC FILES LAWSUIT TO BLOCK RHODE ISLAND STATE ENFORCEMENT ACTIONS AS IT MOVES TO PROTECT FEDERAL JURISDICTION — STATEMENT
@cftc.@CFTC Sues to Block State Enforcement in Rhode Island Amid Ongoing Efforts to Preserve Jurisdiction:
@chairmanseligIn my first public remarks as @CFTC Chairman, I made clear that the agency would use the tools at its disposal to onshore crypto asset perpetuals. Today, the @CFTC delivered on that commitment. This morning, the @CFTC took historic action
@chairmanseligToday’s action to onshore crypto asset perpetuals reflects the @CFTC’s commitment to fostering responsible innovation while ensuring that these novel products are traded on regulated exchanges that uphold customer protections and market int
@bitcoinmagazineJUST IN: 🇺🇸 CFTC approves first U.S. Bitcoin perpetual futures contracts on a regulated exchange 👀
@degeneratenewsBREAKING: CFTC APPROVES BTCPERP CONTRACT SUBMITTED BY KALSHIEX, LLC SOURCE: