Several major crypto firms, including Coinbase and Kalshi, back the US Commodity Futures Trading Commission (CFTC) in a legal dispute over whether exchanges can list perpetual futures tied to individual stocks.
According to the outlets, the companies support the CFTC’s position that it has regulatory authority over these “single-stock perp futures,” and they participate through legal action connected to the case, including filings that argue for the CFTC’s jurisdiction.
The broader context highlighted across the coverage is a jurisdictional disagreement involving how the products should be classified and which regulator—CFTC versus the Securities and Exchange Commission (SEC)—has oversight. One outlet frames the argument in terms of a coalition asserting that the products instead fall under SEC jurisdiction.
Overall, the reports agree on who is backing which regulator and that the dispute centers on regulatory authority for perpetual futures linked to individual equities, with differing emphasis on how the other regulator’s role is characterized.
