CFTC Chair: Obstacles for US perpetual contracts will be cleared in the coming weeks

Odaily reported that CFTC Chairman Mike Selig stated at an event in Washington that the agency is working to allow genuine professional perpetual contracts to operate within the United States in the next month, and expects to release relevant announcements soon. Mike Selig pointed out that previous regulatory policies had caused a large number of companies and liquidity to move overseas. In addition, the CFTC and SEC are advancing multiple digital asset policies through Project Crypto, including providing clear guidance for DeFi developers and establishing clear standards for prediction markets. SEC Chairman Paul Atkins also noted that although regulators are promoting innovation exemptions to allow industry experimentation, Congress still needs to provide legal certainty. Currently, legislative work in the US Senate regarding digital asset market transparency is still under negotiation.