[Arthur Hayes: Honored that Coinbase Supports CFTC in Stock Perpetual Contract Dispute] BitMEX co-founder Arthur Hayes stated that he is honored that Coinbase is supporting the U.S. Commodity Futures Trading Commission (CFTC) in the legal dispute surrounding stock perpetual contracts in the United States. Hayes noted that Washington's reaction was unfriendly when BitMEX launched perpetual contracts in 2016, and a decade later, Coinbase is defending its ability to offer such products on U.S. stocks in federal court. Six companies, including Coinbase, filed a motion on Monday opposing the Capital Markets Alliance Association (CMAA)'s request to block trading in perpetual futures linked to individual stocks, and the court accepted the motion on Tuesday. The CMAA argues that these contracts should be considered security swaps. The U.S. Securities and Exchange Commission (SEC) reportedly filed a proposed court opinion on Monday opposing the alliance's request to temporarily halt trading in these contracts.