SEC, CFTC Advance Perpetual Futures, Tokenized Stocks — SkimNews
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- SEC cleared limited onchain trading of tokenized US stocks under its Innovation Exemption, just days after a recent vote
- CFTC expanded regulatory relief for software providers connecting users to regulated derivatives platforms, including those offering perpetual contracts
- CFTC began laying regulatory groundwork for perpetual futures months earlier, establishing a case-by-case review process for perpetual contracts in May
- CFTC approved Kalshi's Bitcoin perpetual futures product as an early step in that groundwork
- In June, CFTC provided temporary relief allowing certain registered exchanges to convert existing crypto futures into contracts without expiration dates
Why it matters: Both regulators moved in parallel to widen the on-ramp for tokenized equity trading and perpetual futures in the US; Kalshi's Bitcoin product serves as the operational template other exchanges are now converting to under CFTC's June relief.
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