CFTC Chair Selig Says Equity Perpetuals Can Begin US Trading

The significance here is structural rather than product-level: perpetuals, a format that grew up offshore, are being routed into the US regulatory perimeter through the dual-registration requirement, which effectively narrows the field to venues willing to carry both CFTC and SEC oversight. Kraken's signal suggests at least one major platform sees that trade-off as worth it. The open question is whether other exchanges follow into dual registration or stay offshore, and how the equity-perp format holds up against existing US futures and equity products once live.