Blockchain Association calls for SEC and CFTC coordination to establish a U.S. regulatory pathway for equity perpetual contracts.

According to TechFlow, on August 26, an announcement by the Blockchain Association stated that the organization submitted a comment letter this week to the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC), urging the two agencies to strengthen coordination, clarify regulatory rules for innovative financial products under the existing legal framework, and establish a clear pathway for products such as equity perpetual swaps to enter the regulated U.S. market.

The Blockchain Association noted that equity perpetual swaps are currently traded primarily outside the United States, causing the U.S. market to miss out on associated price discovery, liquidity, and innovation opportunities. It recommended that regulators leverage the existing joint securities and futures regulatory framework, and apply existing authorities concerning novel derivatives as appropriate. A new framework should emphasize transparency, auditability, market surveillance, client asset protection, financial integrity, and operational resilience. The association maintains that persistent regulatory uncertainty is driving liquidity, employment, and market data overseas.