Industry advocates representing digital asset and derivatives interests are advancing parallel initiatives to secure regulatory approval for perpetual contracts within the United States. Multiple organizations have communicated their positions to federal overseers, aiming to establish authorized pathways for these leveraged instruments across distinct asset categories. The submissions underscore a growing consensus among market participants regarding the necessity of defined rules for energy and equity perpetuals.
The Hyperliquid Policy Center, along with trade[XYZ], has directed a formal appeal to the Commodity Futures Trading Commission (CFTC). Through a written submission, the coalition requested that the CFTC institute a comprehensive regulatory framework designed specifically for energy perpetual contracts. The communication identifies a primary objective of enabling US-tradable oil perpetuals, signaling a demand for a structured environment where these specific commodity-linked derivatives can operate under supervisory guidelines.
In a related move focusing on financial securities, the Blockchain Association has petitioned both the Securities and Exchange Commission (SEC) and the CFTC. This group is advocating for the authorization and integration of equity perpetuals into American markets. By engaging both agencies, the association is highlighting the cross-jurisdictional nature of equity products and seeking explicit permission to launch these contracts domestically. The appeal seeks to transform equity perpetuals from extraterritorial offerings into compliant instruments available to US investors under a recognized regime.
These coordinated actions signal a strategic push to bring perpetual trading into the fold of official US financial regulation. The requests delineate clear distinctions between asset classes, with commodity-focused appeals targeting the CFTC for energy applications and securities-oriented efforts involving both the SEC and CFTC for equity exposures. The collective messaging emphasizes that stakeholders prefer a regulated architecture that provides clarity and legitimacy, rather than operating in unregulated spaces.
The juxtaposition of these requests illustrates the breadth of the demand for perpetual derivatives regulation. While the Hyperliquid Policy Center and trade[XYZ] concentrate on energy derivatives within the CFTC's purview, the Blockchain Association addresses the broader market potential of equity products. Together, these communications map out a multi-front effort to embed perpetual contracts into the US regulatory ecosystem, covering both physical commodity proxies and financial indices.