Better Markets backs CMA in lawsuit over CFTC approval of stock perpetual futures

Financial market nonprofit Better Markets has filed an amicus brief supporting the Capital Markets Alliance, or CMA, in its lawsuit over the U.S. CFTC’s approval of stock perpetual futures, Bitcoin News reported. Better Markets argued the contracts should be classified as security-based swaps rather than futures because they have no fixed expiration date. The group also warned, "약 6배 레버리지와 자동 청산 기능으로 시장 가격이 16% 움직이면 투자금 전액을 잃을 수 있다."