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US Regulator Defends Approving Crypto 'Perps' — A New Asset Class Going Mainstream
CNBC·Tuesday, 16 June 2026
CFTC chair Michael Selig defended his decision to approve perpetual futures contracts, known as 'perps', in the US market. Selig argued it is better to develop this new crypto asset class domestically rather than let it grow only offshore.
Why It Matters
As Indian regulators continue to shape crypto policy, the US move to formally embrace perpetual futures could set a global precedent that influences how Indian authorities treat similar instruments.
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