Former SEC, CFTC Officials Urge Eased Rules to Attract Crypto Perps

This signals a notable shift in the regulatory conversation, as ex-officials are publicly backing looser oversight for a specific product class. The core issue is jurisdictional: if crypto perps remain offshore, US market participants face less transparency and recourse, while domestic venues lose activity. The proposal's emphasis on a balanced framework suggests a recognition that outright bans are ineffective, but the real test will be whether any concrete policy changes follow these calls. Watch for whether this pressure influences current SEC or CFTC rulemaking priorities, as that would determine if the US actually competes for this liquidity.