SEC Backs CFTC in Court Fight Over Single-Stock Perpetual Futures
Key Highlights: A lawsuit challenges the CFTC’s approval of perpetual single-stock futures, arguing they are security-based swaps under SEC jurisdiction. The court indicated the plaintiffs are likely to succeed on that argument but denied their request for a temporary restraining order. The SEC supports the CFTC’s approval, while Coinbase Derivatives and Kalshi back the CFTC ...