Additionally, another false rumor that spread everywhere in the community last night is that CFTC Chairman Mike Selig announced the approval of the first BTCPERP—the first regulated Bitcoin perpetual contract.

Many people think that JEFF was involved in discussions about the compliance framework, and they’re spreading the news that it was approved... To be frank, the biggest issue Hyperliquid currently faces is compliance and regulation—no KYC, anonymity, and high leverage—none of which can pass in the compliance framework. I don’t know what the people promoting it are thinking.
In closing, CFTC Chairman Mike Selig announced a “historic action,” approving KalshiEX to list BTCPERP—the United States’ first regulated Bitcoin perpetual contract, with BTC spot as the underlying asset, and daily cash settlement. On the same day, the CFTC issued a no-action letter to Coinbase, authorizing it to provide crypto options and perpetual contracts through its CFM subsidiary, along with the release of 7×24-hour trading supervision guidelines and a perpetual contract approval policy framework.