CFTC Chair Michael S. Selig told Anthony Pompliano on March 26 that genuine crypto perpetual contracts are on the verge of formal legalization in the United States. The agency is finalising the regulatory characterisation of PERPs — a move that would retire the 50-year-old "quasi-perps" workarounds that currently dominate the market.
Selig put the timeline at a few weeks to a month, pending proper guardrails being locked in. He called the development a "great win" for both the industry and the American public — signalling that the CFTC sees regulated perps as a market-structure improvement, not a concession.
Legalised perpetuals would bring one of crypto's most-traded instrument classes fully into the U.S. regulatory perimeter, potentially opening the door to deeper institutional participation and onshore exchange competition.
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