Crypto World News reports that the CFTC Market Participants Division has confirmed that some crypto perpetual contracts can be classified as "foreign futures." At the same time, the CFTC has issued a no-action letter to Coinbase Financial Markets, allowing it to use customer digital assets and stablecoins as collateral under certain conditions to trade related products through the affiliated platform Deribit.

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LookingAtTheCandlestickChart
· 12h ago
The stablecoin status gets another +1 point—being able to be used as collateral suggests that regulators tacitly treat it as money, not a security.
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OracleBabysitter
· 12h ago
Foreign futures are a pretty delicate classification; it's neither fully open nor completely banned—it's an art of regulation.
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MoonlightMarketMaking
· 12h ago
No-action letter received, Deribit sitting back and winning? Feels like the spring of compliant US exchanges is coming.
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PlayfulAndCheerfulSunflower
· 12h ago
This move by the CFTC is impressive; they are considering perpetual contracts as foreign futures, allowing Coinbase to use customer assets as collateral again. The regulatory framework is gradually becoming clearer.
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