CFTC Approves Crypto Perpetual Futures, Impacting Hyperliquid Token in U.S.

The Commodity Futures Trading Commission (CFTC) has announced plans to approve crypto perpetual futures contracts, potentially impacting markets like Hyperliquid token within the United States. This move marks a significant change in U.S. regulations as these contracts were primarily available offshore. CFTC Commissioner Summer Mersinger indicated the approval would align with global standards and could reshape the U.S. derivatives market, especially for exchanges like Binance currently dominant in the space.