Add as a preferred source on GoogleCoinbase and Five Firms Seek to Back CFTC in Stock Perps Case
A proposed court brief supports joint SEC-CFTC oversight in a case seeking to halt single-stock perpetual futures. The reply deadline was Nov. 10.
Coinbase and five other firms are seeking to support the Commodity Futures Trading Commission in a court fight over single-stock perpetual futures, backing joint oversight with the Securities and Exchange Commission.
The proposed amicus brief favors a shared regulatory role for the CFTC and SEC. That would give both agencies a role in supervising single-stock perpetual futures, the regulatory issue addressed by the filing.
The court fight concerns a bid to halt the products. Coinbase and the five other firms are seeking to add their support to the CFTC’s position in that dispute while endorsing a shared role that includes the SEC.
The filing connects support for the CFTC with an argument for oversight by both federal agencies. It places the SEC within the proposed framework, rather than describing the CFTC as the only regulator with a role.
The proposed brief came as the case approached its Nov. 10 reply deadline.
Riza Dagoc
Riza Dagoc reports on regulation, investing and the digital-asset business for TokenPost. Send corrections or tips to info@tokenpost.com.