The Commodity Futures Trading Commission (CFTC) is pushing for greater regulation of crypto perpetual futures, with the goal of moving trading back onto US soil. This policy change could significantly impact the US cryptocurrency market, affecting liquidity, prices, and regulatory practices as exchanges adapt to potential new challenges. The CFTC’s review of exchange applications is underway, with a focus on establishing a framework for these contracts. Potential $100 billion daily trading volume has been predicted, which may create new opportunities for both institutions and exchanges in the US. This move echoes the impact of Bitcoin futures introduced by the CFTC in 2017, which led to increased market activity and legitimacy following regulatory approval.