By Isaac • August 31, 2026 7:09 pm •
Washington is no longer debating perpetual contracts as a niche product that can be left to offshore crypto exchanges. The fight has moved to a harder question: what would a workable American market actually look like?
A bipartisan group of former SEC and CFTC officials is urging the agencies to avoid overlapping rules that could make regulated U.S. perpetual markets uneconomic before they begin. Their intervention adds to a broader industry campaign asking regulators to bring the trading, liquidity and market data onshore.
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Decrypt reported that former CFTC Chairman Chris Giancarlo, former commissioners Brian Quintenz and Sharon Brown-Hruska, former SEC Commissioner Steven Wallman and former SEC chief economist Chester Spatt signed a comment letter focused on
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