Coinbase, Kalshi, and other institutions have applied to submit amicus briefs in court to support CFTC regulation of single-stock perpetual contracts in the United States.

BlockBeats news, November 10 - Coinbase's General Counsel and Corporate Secretary Molly Abraham posted that Coinbase, Kalshi, Payward, DRW Holdings, Jump Trading, and Paradigm have applied to submit an Amicus Brief to the court in support of the U.S. Commodity Futures Trading Commission's (CFTC) regulatory authority over single-stock perpetual contracts in the United States.

Under the Commodity Exchange Act (CEA) and the securities futures regulatory framework established by the U.S. Congress in 2000, securities futures products are not "Swaps." She stated that relevant products should develop under the regulatory and investor protection frameworks of the CFTC and the U.S. Securities and Exchange Commission (SEC), rather than being forced to remain overseas and unregulated. She also stated that the relevant institutions have been committed for years to advancing the landing of stock perpetual contracts in the U.S. market in a responsible and compliant manner, and will continue to push forward with related work.