US CFTC chair aims to bring crypto perpetuals trading to America

Mike Selig, Chairman of the U.S. Commodity Futures Trading Commission (CFTC), has expressed his intent to bring crypto perpetual futures trading into the regulated U.S. market rather than leaving it to overseas exchanges. In a post on X, Selig stated that the CFTC is working to introduce perpetual contracts to the U.S. under the highest level of regulation. He argued that popular financial products like perpetual futures should be available to the American public under the country's own laws and regulations. Selig claimed that the Biden administration had driven these products into jurisdictions with no investor protection, which he said led to incidents such as the collapse of FTX.