Former officials from the U.S. Securities and Exchange Commission and Commodity Futures Trading Commission are calling for a less burdensome regulatory approach to crypto perpetual futures, or “perps,” according to Decrypt. Their comments come as the Clarity Act remains stalled during the congressional recess, while U.S. agencies continue advancing work on crypto derivatives and custody. The former regulators argue that overly restrictive rules could keep a crypto perpetuals market estimated at $90 trillion operating outside the United States. The debate highlights the regulatory tension surrounding efforts to bring crypto trading activity onshore while establishing oversight for derivatives and custody services. For crypto markets, the outcome could influence where perpetuals platforms operate and how U.S. participants access these products. No final policy change was identified in the source material.
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Decrypt
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