Just heard some interesting news about US regulations on crypto futures. So the CFTC is pushing to open access to properly regulated perpetual futures in America soon. If you don’t know what perpetual is, basically it’s a derivative contract without an expiration date — unlike regular futures that have an expiry date. Perpetual futures have long dominated trading on foreign exchanges, but in the US, there’s still no fully compliant version.

CFTC Chairman Michael Selig, speaking at the Milken Institute panel, said they are working hard to bring “true” perpetual futures to the US market. Why is this important? Because until now, strict US regulations have pushed derivative liquidity offshore. By opening regulated perpetual futures, trading volume could return to domestic platforms.

But it’s not just the CFTC talking. SEC also chimed in through Paul Atkins, saying they need clarity from Congress to redefine who has authority over what. There’s a market structure bill being discussed in Congress that could reshape the entire regulatory framework for crypto. The problem is, debates are still stuck on stablecoin yields, tokenized equities, and some other issues.

If this eventually gets approved, it could be a game changer for traders in the US. Perpetual futures are the most liquid and most traded in the global crypto market. So if they finally become available here with proper regulation, it could attract significant volume. The next few weeks might be a turning point for whether America can reclaim the market share it lost to foreign exchanges.