Blockchain Association calls for SEC and CFTC coordination to establish a U.S. regulatory pathway for equity perpetual contracts.

According to an announcement by the Blockchain Association, the organization submitted a comment letter to the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) this week, calling on both agencies to strengthen coordination, clarify regulatory rules for innovative financial products under the existing legal framework, and establish a clear pathway for products such as equity perpetual contracts to enter the compliant U.S. market. The Blockchain Association noted that equity perpetual contracts are currently traded primarily outside the United States, causing the U.S. market to miss out on related price discovery, liquidity, and innovation opportunities. It recommended that regulators maintain the joint securities and futures regulatory framework and apply existing authorities for novel derivatives as appropriate; the new framework should focus on transparency, auditability, market surveillance, client asset protection, financial integrity, and operational resilience. The association stated that persistent regulatory uncertainty is driving liquidity, employment, and market data overseas.