Crypto Perpetual Futures May Soon Trade Live in US

Outgoing Commodities and Futures Trading Commission Commissioner Summer Mersinger has indicated that crypto perpetual futures contracts could soon receive regulatory approval in the United States. Speaking on a television program, Mersinger stated that these contracts could be trading live very soon, marking a significant development for the crypto industry. She emphasized the importance of having these derivatives trading and regulated within the U.S., highlighting the benefits it would bring to the market and the industry as a whole.

Crypto perpetual futures are derivative contracts that allow traders to speculate on the price of cryptocurrencies without actually owning them. Unlike traditional futures contracts, which have expiration dates, perpetual futures can be held indefinitely and can be traded with high leverage. Currently, these contracts are not permitted in the U.S. and are primarily traded on large offshore centralized exchanges.

Mersinger's comments come at a time when the regulatory landscape for cryptocurrencies is evolving. The recent procedural vote to advance the GENIUS stablecoin bill is seen as a sign that this asset class is here to stay. Mersinger expressed optimism about the future of crypto in the U.S., stating that the country has the potential to become a leader in economic power driven by these tokens and this asset class.

Mersinger is set to leave the CFTC at the end of May to take on a new role at the Blockchain Association, a trade group representing the crypto industry. She expressed confidence in the incoming CFTC chairman, who she believes will be a strong advocate for the crypto industry. Mersinger hopes to contribute more to the industry through her new position, leveraging her experience and expertise to support the growth and development of the crypto ecosystem.