As the CFTC and Gemini work together to seek a court’s reversal of a 2025 settlement, one of the agency’s former chairs said the public “deserves a better explanation.”
The CFTC issued notices affecting platforms seeking to offer cryptocurrency perpetual futures contracts, including a no-action position for Coinbase and approval for Kalshi.
The investment firm said nation-states and central banks are increasingly turning to assets like Bitcoin and gold as alternative settlement systems outside of US control.