CFTC Signals Crypto Perps Could Trade in US as Commissioners Head for the Exits
Outgoing CFTC Commissioner Summer Mersinger indicated that the Commission may soon approve crypto perpetual futures products in the U.S. She stated that applications are in progress and products could be trading live shortly. Perpetual futures allow traders to speculate on assets like Bitcoin or XRP, potentially increasing market participation and liquidity. However, critics warn of significant risks to investors. Mersinger's comments come as she prepares to leave the CFTC to lead the Blockchain Association, alongside three other commissioners who are also departing. The CFTC may face challenges in enforcement and rulemaking due to a reduced number of commissioners, with Brian Quintenz awaiting Senate confirmation as the only remaining pro-crypto regulator. This situation could delay regulatory actions and increase pressure on the Senate for expedited confirmations.
