CFTC, SEC Clear Path for Tokenized Stocks, Perpetuals — SkimNews
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- SEC cleared limited onchain trading of tokenized US stocks under its Innovation Exemption, just days after a referenced vote
- CFTC expanded regulatory relief for software providers connecting users to regulated derivatives platforms, including those offering perpetual contracts
- CFTC established a case-by-case review process for perpetual contracts in May and approved Kalshi's Bitcoin perpetual futures product
- CFTC followed in June with temporary relief allowing certain registered exchanges to convert existing crypto futures into contracts without expiration dates
Why it matters: Both the SEC and CFTC are simultaneously removing parallel barriers: tokenized US stocks can now trade onchain under the Innovation Exemption, and software intermediaries connecting users to perpetual contract platforms face expanded regulatory relief rather than case-by-case gatekeeping.
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