Former SEC, CFTC Officials Urge Lighter Touch to Bring Crypto Perps Trading Onshore

Former SEC and CFTC officials are advocating for a lighter regulatory approach to bring crypto perps trading onshore. With the Clarity Act currently stalled, these agencies continue focusing on crypto derivatives and custody. Experts warn that overly burdensome rules risk keeping the $90 trillion perps market offshore. Implementing a more flexible framework could enhance US competitiveness, reduce the dominance of offshore markets, and foster domestic innovation within the broader crypto ecosystem to ensure long-term growth.