Ondo urges SEC, CFTC to bring US stock perpetuals onshore

Ondo is calling on the U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission to support bringing perpetual futures linked to individual U.S. stocks onto domestic markets. According to Cointelegraph, the company argues that current U.S. securities laws can accommodate these products, positioning existing regulation as a possible framework for onshore issuance and trading. The proposal comes as regulators consider ways to move more derivatives activity into the United States. The report does not provide details on a specific product launch, regulatory response, timeline, or the individual stocks that could be covered. For markets, the discussion connects Ondo with a potential expansion of regulated access to stock-linked perpetual contracts, while leaving the practical and legal path forward unresolved. Any changes would depend on how the SEC and CFTC assess the compatibility of these instruments with current rules.