Mike Selig, Chairman of the US Commodity Futures Trading Commission: Perpetual futures contracts do not have a fixed expiration date requirement

Mike Selig, Chairman of the US Commodity Futures Trading Commission, clarified the misconception of perpetual futures contracts on X platform by stating that neither the Commodity Exchange Act nor the regulations of the US Commodity Futures Trading Commission require futures contracts to have a fixed maturity date or delivery date. The relevant judgment criteria are provided by case law and committee interpretations; Regarding the misconception of high leverage, Mike Selig responded to the view that the US Commodity Futures Trading Commission has approved the BTCPERP contract to allow Americans to use 250 times leverage.