US approves equity perpetual futures trading; industry group files lawsuit

The US Commodity Futures Trading Commission (CFTC) has authorized the launch of perpetual futures on stocks for trading on American exchanges. This decision extends a popular trading product from the crypto sector into traditional financial markets. This was reported by Cointelegraph and The Defiant. Following the approval, a group including the Cboe exchange and Citadel Securities filed a lawsuit against the regulator, alleging flaws in the authorization process. This was reported by Reuters. Further details regarding the legal proceedings have not yet been released.