On November 10, 2026, BlockBeats reported that Molly Abraham, general counsel and corporate secretary of Coinbase, said Coinbase, Kalshi, Payward, DRW Holdings, Jump Trading and Paradigm had applied for leave to file an amicus brief supporting the U.S. Commodity Futures Trading Commission’s regulatory authority over single-stock perpetual contracts in the United States.
Abraham wrote that, under the Commodity Exchange Act and the securities-futures regulatory framework established by Congress in 2000, securities futures products are not “swaps.” She said the products should develop under the regulatory and investor-protection frameworks of the CFTC and the U.S. Securities and Exchange Commission, rather than being forced to remain overseas and unregulated. She also said the institutions had worked for years to bring stock perpetual contracts to the U.S. market in a responsible and compliant manner and would continue that work.
Original article: BlockBeats