Multicoin Capital co-founder urges CFTC to back DeFi, pre-IPO perpetuals

Multicoin Capital co-founder Tushar Jain said on X that he made three proposals to regulators at the first meeting of the CFTC’s innovation advisory committee: introducing safe harbors and innovation exemptions for emerging markets such as computing derivatives, supporting compliant privacy tools within DeFi, and allowing perpetual futures tied to pre-IPO companies so retail investors can also participate in AI companies’ growth. Jain said the measures could help facilitate regulatory compliance testing for new financial products and protect institutional investors’ privacy.