CFTC Chairman Mike Selig: Regulatory hurdles for U.S. perpetual contracts will be cleared in the coming weeks

Techub News reports, according to CoinDesk, Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), stated at an event in Washington that the agency is working to allow genuine professional perpetual contracts to operate within the United States within the next month and expects to issue a related announcement soon. He noted that previous regulatory policies led to a significant outflow of companies and liquidity overseas. Meanwhile, the CFTC and the SEC are advancing multiple digital asset policies through the Project Crypto initiative, including providing clear guidance for DeFi developers and establishing clear standards for prediction markets. SEC Chairman Paul Atkins stated that although regulators are pushing for innovation exemptions to allow industry experimentation, legal certainty from Congress is still needed. Currently, legislation regarding digital asset market transparency in the U.S. Senate is still under negotiation.