[Coinbase, Kalshi, and Others File Amicus Briefs to Support CFTC Regulation of US Single-Stock Perpetual Contracts] BlockBeats reported on November 10th that Molly Abraham, General Counsel and Corporate Secretary of Coinbase, stated that Coinbase, Kalshi, Payward, DRW Holdings, Jump Trading, and Paradigm have filed amicus briefs with the court in support of the Commodity Futures Trading Commission (CFTC)'s regulatory authority over US single-stock perpetual contracts. Under the Commodity Exchange Act (CEA) and the securities and futures regulatory framework established by the US Congress in 2000, securities and futures products do not fall under the category of "swaps." She stated that such products should be developed within the regulatory and investor protection framework of the CFTC and the Securities and Exchange Commission (SEC), rather than being forced to remain overseas unregulated. She also stated that these agencies have been committed for many years to promoting the responsible and compliant implementation of stock perpetual contracts in the US market and will continue to advance this work. [Original Link]