Summary
- The U.S. Commodity Futures Trading Commission (CFTC) said it plans to release regulatory guidelines for crypto perpetual futures in the near term.
- Selick said at a Milken Institute event that the CFTC will provide regulatory guidelines related to crypto perpetual futures in the near future.
- The report said the move is seen as an effort by the CFTC to make more specific the regulatory framework for prediction markets and crypto derivatives.
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According to CoinDesk, a U.S. cryptoasset (cryptocurrency) media outlet, on the 3rd (local time) Michael Selick, Chair of the U.S. Commodity Futures Trading Commission (CFTC), said the agency plans to announce regulatory guidelines for crypto perpetual futures (Perpetual Futures) in the near term.
Speaking at a Milken Institute event in Washington, Selick said, "We will provide regulatory guidelines related to crypto perpetual futures in the near future."
He added regarding prediction markets that "we will present guidelines very soon to establish clear standards," explaining that, in addition to simple guidance that is relatively easy to withdraw or revise procedurally, the CFTC is also pursuing in parallel an Advance Notice of Proposed Rulemaking (ANPRM) process.
An ANPRM is a preliminary document posted by a U.S. federal agency to inform the public that it is considering introducing a new regulation and to gather stakeholder input before a formal rule proposal.
Amid ongoing jurisdictional disputes over prediction markets and crypto derivatives, the move is seen as an effort by the CFTC to flesh out the relevant regulatory framework.
JH Kim
reporter1@bloomingbit.ioHi, I'm a Bloomingbit reporter, bringing you the latest cryptocurrency news.
