CFTC chair says perp trading not suitable for all assets it regulates
CoinTelegraph·
60-second summary
CFTC chair Michael Selig states that the agency's regulatory approach to crypto perpetual futures may not be suitable for all assets it regulates. He mentioned that the approach may not be a natural fit for traditional commodity markets, like agriculture, where assets are often valued based on physical supply and demand. This indicates a nuanced regulatory stance on crypto derivatives.
Michael Selig told US cotton producers that the agency’s regulatory approach to crypto perpetual futures may not be a “natural fit for traditional commodity markets, like agriculture.”