COINDESK · 2026-11-03 22:15 UTC

CFTC gets into legal clash over stock perps after having cleared path for crypto version

Capital Markets Alliance, backed by Cboe and Citadel Securities, filed a lawsuit against the CFTC to block approval of single-stock perpetual futures, arguing they are securities-based swaps under SEC jurisdiction. The CFTC approved stock perps on Tuesday following its earlier approval of crypto perps, with Chairman Mike Selig stating the policy extends perpetual futures availability from digital commodities to traditional securities. CME Group and the American Securities Association also challenged the move, contending perps lack end dates and should be classified as swaps rather than…

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