Crypto Firms Back CFTC in Fight Over Whether Stock Perps Are Swaps
Crypto and prediction markets companies have lined up behind the U.S. Commodity Futures Trading Commission in a legal fight over stock perpetual futures. Their argument: perps aren't swaps, so the agency's reading of the rules matters — and so does the future of on-chain stock trading.
- Original source: coindesk.com.
- The source published it on Nov 10, 2026 at 5:07 PM.
- No second outlet has reported it yet. Treat it as a single-source claim.
Crypto and prediction markets firms are siding with the U.S. Commodity Futures Trading Commission in a legal battle over perpetual futures tied to stocks, according to CoinDesk. The companies are pushing back on the idea that these products qualify as swaps.
That distinction sits at the center of the case: if stock perpetual futures count as swaps, they fall under a different set of rules than the industry wants. By backing the CFTC, the firms are arguing the regulator's own position on the products should hold.
Prediction markets joining the crypto side widens the coalition beyond token issuers and exchanges. Both camps have a stake in how perpetual futures on equities get classified in the U.S.
TopicsCommodity Futures Trading Commission · CoinDesk
Source: coindesk.com
Written by Paparazzi with AI. Not financial advice.
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