Crypto Firms Support CFTC in Legal Battle Over Stock Futures
Coinbase, Kalshi, and Kraken's parent company have backed the CFTC in a legal dispute concerning stock perpetual futures.
Major cryptocurrency and financial firms including Coinbase, Kalshi, and the parent company of Kraken have intervened to support the Commodity Futures Trading Commission in a legal conflict. The dispute centers on stock perpetual futures products, which the Capital Markets Alliance contends should fall under the regulatory jurisdiction of the Securities and Exchange Commission instead.
Original report: CoinDesk ↗
AI-assisted summary based on the publisher's report. Read the original for full details. Not financial advice.