CFTC Chair Mike Selig Says Crypto Perpetual Contracts Will Face Asset-by-Asset Review

U.S. Commodity Futures Trading Commission Chair Mike Selig said the agency will review crypto perpetual contracts on a single-asset, case-by-case basis. According to ChainCatcher, Selig reiterated that CFTC staff had already set out this approach in a prior advisory opinion addressing 24/7 continuous trading. He said regulators will use that framework to assess whether perpetual products tied to different underlying assets comply with applicable requirements.