Bitcoin · Donald Trump · U.S. · Bitcoinist
CFTC Clears The Way For Regulated Crypto, Bitcoin Perpetuals—Kalshi Moves Next
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The US Commodity Futures Trading Commission (CFTC) announced Friday that it is allowing CFTC-registered exchanges to list a perpetual contract tied to the market’s leading crypto, Bitcoin (BTC).
Key facts
- Kalshi said the offshore perpetual market expanded sharply, rising from $28 trillion in annual volume in 2023 to more than $90 trillion in 2025
- The US Commodity Futures Trading Commission (CFTC) announced Friday that it is allowing CFTC-registered exchanges to list a perpetual contract tied to the market’s leading crypto, Bitcoin (BTC)
- In its announcement, the CFTC said the move creates a clearer path for liquid Bitcoin perpetual products to operate within US rules
- The agency also framed the change as aligned with President Trump’s stated goal of cementing the United States as the world’s crypto capital, calling the availability of true perpetuals
Summary
In its announcement, the CFTC said the move creates a clearer path for liquid Bitcoin perpetual products to operate within US rules. The agency also framed the change as aligned with President Trump’s stated goal of cementing the United States as the world’s crypto capital, calling the availability of true perpetuals within the country a major advance. The announcement also comes alongside a separate regulatory action: the CFTC issued a no-action letter to crypto exchange Coinbase. Coinbase Chief Legal Officer Paul Grewal called the development a “massive first for the industry” in a post on X (Previously Twitter), saying it reflects an effort to bring “proven global products under American regulation,” which he argued is key to making the US a leading hub for crypto.