Illustration of two documents representing SEC and CFTC efforts to clarify derivatives product definitions and regulatory frameworks

CFTC, SEC Seek Public Comment on Derivatives Product Definitions

June 19, 2026 84

WASHINGTON, June 18, 2026 — The Commodity Futures Trading Commission and Securities and Exchange Commission have issued a joint request for public comment on potential ways to further update, clarify and harmonize certain derivatives product definitions and address interpretive questions involving emerging products and alternative compliance frameworks.

Illustration of a court order and gavel representing the resolution of the CFTC's case against former Celsius CEO Alexander Mashinsky

CFTC Resolves Enforcement Case Against Celsius Founder Alexander Mashinsky

June 19, 2026 12

WASHINGTON, June 18, 2026 — Former Celsius Network CEO Alexander Mashinsky admitted violating anti-fraud provisions of the Commodity Exchange Act as part of a consent order entered by the U.S. District Court for the Southern District of New York, resolving the Commodity Futures Trading Commission’s 2023 enforcement action against him and imposing a permanent ban from participating in CFTC-regulated markets.

Illustration of a regulatory document and digital network representing the CFTC's review of rules affecting fintech firms and DeFi applications

CFTC Seeks Input on Rules Affecting Fintech Firms, DeFi Applications

June 16, 2026 13

WASHINGTON, June 16, 2026 — The U.S. Commodity Futures Trading Commission launched a review of its regulatory framework for fintech firms, seeking public input on regulations, guidance, orders, no-action letters, and other items that may hinder partnerships between fintech firms and CFTC-regulated entities or could be updated to streamline registration and authorization processes in a Request for Information.

Illustration of a contract folder and calendar pages representing the conversion of perpetual-style crypto contracts into true perpetual futures under CFTC no-action relief

CFTC Opens Path to True Perpetual Futures for Coinbase and Bitnomial

June 13, 2026 32

WASHINGTON, June 12, 2026 — The U.S. Commodity Futures Trading Commission’s Division of Market Oversight issued a no-action letter allowing designated contract markets to convert existing perpetual-style digital commodity futures contracts into true digital commodity perpetual futures by removing their expiration dates, subject to specified conditions.

FCA warning on football sponsorship arrangements involving unauthorized financial firms

FCA Warns Football Clubs Over Sponsorship Deals With Unauthorized Financial Firms

June 3, 2026 44

LONDON, June 3, 2026 — The UK Financial Conduct Authority (FCA) has warned football clubs about sponsorship arrangements involving unauthorized financial firms, including crypto businesses and trading platforms, saying such relationships could expose supporters to financial harm and create legal, compliance, and reputational risks for clubs.

SEC draft strategic plan outlining digital asset regulatory objectives

SEC Draft Strategic Plan Sets Goal of Regulatory Framework for Digital Assets

June 2, 2026 37

WASHINGTON, June 2, 2026 — The U.S. Securities and Exchange Commission has published a draft strategic plan for fiscal years 2026–2030 that outlines the agency’s regulatory and operational priorities, including a commitment to establish a regulatory framework for digital assets and distributed ledger technologies.

Interlocking puzzle pieces representing the CFTC's policy framework for reviewing and listing perpetual contracts

CFTC Issues Policy Statement on Perpetual Contracts

May 30, 2026 47

WASHINGTON, May 29, 2026 — The Commodity Futures Trading Commission issued a policy statement outlining its views on the listing of perpetual contracts, stating that perpetual contracts referencing asset classes not contemplated in the Commission’s approval of KalshiEX LLC’s BTCPERP futures contract should be submitted for review and approval under the voluntary product approval process set out in Commission Regulation 40.3.