U.S. CFTC chairman to release crypto perpetual futures guidelines soon

U.S. Commodity Futures Trading Commission (CFTC) Chairman Michael Selig announced that the agency will soon release regulatory guidelines for crypto perpetual futures, CoinDesk reported. Speaking at a Milken Institute event in Washington, Selig stated that the CFTC will provide these guidelines in the near future. He added that the commission also plans to issue guidance for prediction markets and establish clear standards "in the very near future." Selig explained that the agency is also pursuing an Advance Notice of Proposed Rulemaking (ANPRM) process as an alternative to guidelines, which are easier to discard or amend. An ANPRM is a preliminary document published by U.S. federal agencies to solicit public comment before formally proposing a new rule.