Former Regulators: U.S. Risks $90T Perps Market

Former SEC and CFTC regulators issued a bipartisan warning that the U.S. stands to cede leadership in the $90 trillion perps market unless agencies coordinate on derivatives rules. The group urged clearer frameworks precisely as the CFTC advances its push to onshore the crypto perpetual futures market, a move that builds on regulatory coordination attempts over the past year.