Coinbase, Kalshi and Kraken parent back CFTC in futures fight
In short
Coinbase, Kalshi and Kraken’s parent backed the CFTC in a legal fight over stock perpetual futures. The Capital Markets Alliance said the products should fall under SEC oversight.
The issue matters because the outcome could decide which regulator controls these contracts and how they are traded in the US.
What the reporting says
Coinbase, Kalshi and Kraken parent backed the CFTC in a legal fight over stock perpetual futures.
Why it matters
Coinbase, Kalshi and Kraken’s parent took the CFTC’s side in a legal dispute over stock perpetual futures. The Capital Markets Alliance, according to the summary, argued the products belong under SEC jurisdiction.