CFTC chair Selig opens path for US equity perpetual futures, report says

What Selig announced

CFTC Chairman Michael Selig made the announcement on Tuesday. Crypto Briefing reported that, following it, US investors can begin accessing perpetual futures tied to individual stocks through eligible regulated exchanges. The outlet called it a first for US investors (that's Crypto Briefing's characterization, and we haven't confirmed it independently).

We're working from one report.

The legal basis Selig cited

According to Selig, as reported by Crypto Briefing, the development draws on the Commodity Futures Modernization Act of 2000 and the CFTC-SEC Memorandum of Understanding. Those are the two pieces of legal footing he pointed to. We don't know how either one was applied here, and we won't guess.

Crypto Briefing framed the move as joint work between the two regulators:

CFTC and SEC collaboration opens new trading avenues for regulated equity derivatives in the US.

That line is the outlet's framing. It doesn't spell out what the SEC actually did, and this article doesn't either.

What we can't confirm yet

LeoDex News hasn't reviewed the CFTC's own release or order. So there are open questions this piece doesn't try to answer: what form the action took (a rule, an approval or some kind of relief), when it takes effect, and which exchanges count as eligible. Those details matter for anyone trying to work out where these products will list and who'll be able to trade them.

For now, here's what's on the record via Crypto Briefing's coverage: Selig made the announcement, the products are perpetual futures on individual stocks, access runs through eligible regulated exchanges, and the legal basis he cited goes back to a statute passed in 2000. We'll update the story once we've reviewed the agency's own text.