# Perpetual Futures Poised for U.S. Debut, Pending Final Regulator Approval

*Author: Jack Inabinet*
*Published: Mar 3, 2026*
*Source: https://www.bankless.com/read/news/perpetual-futures-poised-for-u-s-debut-pending-final-regulator-approval*

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Perpetual futures or "perps," a unique type of financial derivative pioneered by the crypto industry that allows traders to enter highly leveraged positions without expiration, could be coming to America.

### What's the Scoop?
- **CFTC Nod:** During a public appearance with SEC Chair Paul Atkins the Milken Institute today, CFTC Chair Mike Selig confirmed that his agency is developing policies to allow crypto-style [perpetual future](https://www.bankless.com/read/why-some-traders-are-rethinking-perpetuals) products. According to Selig, the CFTC is, "working towards getting true perpetual futures, not long dated contracts, here in the U.S. within the next month or so."
- **Request for Comment:** Last April, the CFTC's Divisions of Market Oversight, Clearing and Risk, and Market Participants [issued](https://www.cftc.gov/PressRoom/PressReleases/9069-25) a public request for comment seeking information on the potential uses, benefits, and risks of perpetual contracts in derivatives markets.
- **Attempted Implementations:** In July, Coinbase [launched](https://www.coinbase.com/blog/perpetual-futures-have-arrived-in-the-us) a pseudo-perpetual future for its American users, which uses long-dated futures contracts to eliminate the need to roll positions on a monthly basis. Last week, Kraken [announced](https://www.bankless.com/read/news/kraken-exchanges-launches-24-7-perpetuals-for-u-s-stocks) its intention to become the first exchange to list perpetual futures on U.S. equities. 
- **Lobby Support:** The Hyperliquid Policy Center – [established](https://www.coindesk.com/policy/2026/03/03/cftc-chief-selig-to-clear-path-for-u-s-perpetual-futures-in-coming-weeks) just two weeks ago with a 1M HYPE token grant – is working with lawmakers and regulators to establish clear rules for perpetual derivatives in decentralized markets.

> CFTC [@ChairmanSelig](https://twitter.com/ChairmanSelig?ref_src=twsrc%5Etfw) laid out an exciting roadmap for the Commission's top priorities at [@MilkenInstitute](https://twitter.com/MilkenInstitute?ref_src=twsrc%5Etfw)'s Future of Finance 2026 today:"I view Project Crypto as a historic initiative between the agencies to upgrade and modernize our rules and regulations and future-proof them… [pic.twitter.com/zFMdihgmhE](https://t.co/zFMdihgmhE)— Hyperliquid Policy Center (@HyperliquidPC) [March 3, 2026](https://twitter.com/HyperliquidPC/status/2028896156655468589?ref_src=twsrc%5Etfw)