CFTC chair Selig defends decision to approve ‘perps’ in U.S. (opens original article in a new tab)

CFTC chair Michael Selig defended the approval of bitcoin perpetual futures in the U.S., stating the agency ensures proper regulation and availability of such financial products.

• CFTC chair Michael Selig defended the approval of bitcoin perpetual futures in the U.S.
• Kalshi's perps contracts achieved over $3 billion in notional volume in a week of beta testing.
• Selig denied claims that political pressure influenced the CFTC's decision to approve perps.