COINTELEGRAPH · 2026-11-13 13:41 UTC

Arthur Hayes 'flattered' as Coinbase backs US stock perps

Coinbase and five other companies filed a brief opposing the Capital Markets Alliance Association's request to block trading in perpetual futures tied to individual US stocks, and the court accepted it on Tuesday. The CMAA argues the contracts should be treated as security-based swaps, which face tighter retail trading restrictions, and says the CFTC approved them without adequately explaining its decision. The SEC reportedly opposed the request to temporarily halt trading but said it is reviewing exchange listing rules and left open whether the contracts qualify as security futures or…

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