Capital Markets Alliance Sues CFTC Over Stock Perpetual Futures Approval
Photo: TheCoinrise
A Citadel Securities-backed trade group challenges the regulator's decision to permit crypto-style perpetual futures on U.S. equities. The Capital Markets Alliance has sued the Commodity Futures Trading Commission, according to reports from Coinfomania, Crypto News Australia, and crypto.news. The group argues the agency overstepped its authority by allowing perpetual futures contracts based on U.S. stocks to trade. The lawsuit names the CFTC directly as the defendant. Perpetual futures originated in crypto markets. Unlike traditional futures, they carry no expiration date. Traders hold positions indefinitely, with a periodic funding rate mechanism keeping contract prices tied to the underlying asset.
Source: TheCoinrise
