According to Wu Blockchain, CFTC Chair Mike Selig has clarified several controversies surrounding perpetual futures contracts. Selig stated that the Commodity Exchange Act and CFTC rules do not require futures contracts to have a fixed expiration date, meaning perpetual contracts do not violate the current regulatory framework. The previously approved BTCPERP contract does not imply that U.S. investors can use up to 250x leverage—high leverage is primarily found in certain offshore markets, not on regulated exchanges. Selig also noted that the CFTC has been soliciting public comments on products like perpetual contracts since April 2025, and the funding rate mechanism does not lead to excessively high costs. Its purpose is to ensure that perpetual contract prices remain linked to the spot market. https://www.(wublock123.com)/news/cftc-chair-clarifies-btcpperp-approval-not-high-leverage-trading-62826