TREE NEWS update: Offshore crypto perpetual trading volume surpassed $9 trillion in 2025, up from about $2.8 trillion two years ago, per Kalshi. Former SEC and CFTC officials, including Chris Giancarlo, urged regulators to align oversight with actual risk to reduce compliance burdens and attract liquidity back to the US. The SEC and CFTC are advancing rulemakings, with a comment period open until October 20.
Offshore Crypto Perpetual Trading Hits $9T, Ex-Officials Urge Lighter Regulation
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