In a recent interview with Bloomberg TV, CFTC Commissioner Summer Mersinger discussed the potential introduction of crypto perpetual futures in the U.S. This statement has drawn attention to the current status and prospects of the crypto market in the country.
What Are Crypto Perpetual Futures?
Crypto perpetual futures are a type of derivatives contract that allows traders to speculate on the price of a cryptocurrency without an expiry date. The trading volume for crypto futures reached $3.7 trillion in April.
Summer Mersinger's Views on Regulation
Summer Mersinger noted that perpetual crypto futures could soon hit the market in the U.S.: "Yeah, absolutely. I think those can come to market now, and we’re seeing some applications. I believe we’ll have some of those products trading live very soon." She emphasizes the importance of developing regulations for the industry.
The Future of CFTC and Stablecoins
Mersinger also expressed confidence that the CFTC will maintain its independence regardless of political changes in Washington. She commented on the Senate's stablecoin bill, emphasizing the relevance of the crypto industry: "The developments around this bill show that crypto is here to stay."
Summer Mersinger's statements underscore that crypto perpetual futures may become an important part of the U.S. financial market. With her departure from the CFTC, she moves on to a new role in crypto advocacy, remaining at the forefront of crypto market events.
