ME News reports that on June 14 (UTC+8), according to the U.S. CFTC website, the Commodity Futures Trading Commission’s (CFTC) Market Oversight Division recently issued a No-Action Letter permitting Designated Contract Markets (DCMs) to convert existing digital commodity perpetual-style futures contracts into true digital commodity perpetual futures contracts—by removing the contract expiration date—provided that investor protection and procedural requirements are met. Relevant conditions include soliciting input from position holders, providing advance notice and an opportunity to exit, disclosing risks, and not altering any other material contract terms. DCMs must also submit amended documentation and certify compliance in accordance with regulations. This exemption is valid until June 30, 2026. (Source: Foresight News)
U.S. CFTC Grants No-Action Relief for Conversion of Digital Commodity Perpetual Futures
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Summary
On June 14 (UTC+8), the U.S. Commodity Futures Trading Commission (CFTC) issued a No-Action Letter permitting designated contract markets (DCMs) to convert existing digital commodity perpetual-style futures into true perpetual futures. This action eliminates expiration dates and requires participant input, advance notice, and risk disclosures. DCMs must also submit updated documentation and confirm compliance. The exemption is valid until June 30, 2026. Futures trading under this framework must not modify any other key terms.
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