Coinbase, Kalshi, Kraken Parent Back CFTC in Stock Perpetual Futures Legal Fight

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Coinbase, Kalshi, and the parent company of Kraken have publicly sided with the Commodity Futures Trading Commission in a legal dispute over stock perpetual futures. The Capital Markets Alliance, which opposes the products, contends they fall under the jurisdiction of the Securities and Exchange Commission rather than the CFTC. The dispute centers on which federal regulator should oversee these derivative products. The article provides limited further detail on the specific legal proceedings or timeline.

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