Ondo Urges SEC, CFTC to Allow Stock-Based Perpetual Futures in US
JH Kim
Summary
- Ondo urged the SEC and CFTC to allow stock-based perpetual futures in the US market.
- Ondo argued the existing regulatory framework in the US is sufficient to support stock perpetual futures, making new rules unnecessary.
- Ondo said the SEC and CFTC could use existing rules to bring related derivatives products into the US market.
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Ondo has urged the US Securities and Exchange Commission and the Commodity Futures Trading Commission to allow stock-based perpetual futures in the US market.
Cointelegraph reported on September 2 that Ondo argues existing US regulations already allow such products, making new rules unnecessary.
Perpetual futures are derivatives with no expiration date, unlike standard futures. They are widely used in crypto markets, but stock-based versions remain constrained by regulation in the US.
Ondo says the SEC and CFTC can use existing rules to bring the products into the US market.
JH Kim
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