CFTC Grants Kraken Relief for Derivatives Trading Platform

On July 24, the Commodity Futures and Trading Commission (CFTC) announced that it is granting a no-action relief to Small Exchange, which is owned by Kraken, regarding its Designated

• The CFTC has granted Kraken's Small Exchange a no-action relief, allowing it to restart regulated derivatives trading without immediate enforcement concerns.
• This relief enables Kraken to expand its regulated derivatives business in the U.S. and explore traditional finance offerings, including tokenized securities.
• The move aligns with a pattern of targeted regulatory accommodations for crypto firms, balancing innovation with oversight.

Topics: Jurisdictions, Legal regulatory, Infrastructure providers, Regulatory sandboxes pilots, Licensing issuer obligations, Tokenization platforms

Tags: #cftc #kraken #smallexchange #noactionrelief #derivativestrading #designatedcontractmarket #tokenizedsecurities #xstocks #federalreservemasteraccount #regulatedfutures

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Sen. Gillibrand’s son is building a perps exchange that wants dual CFTC, SEC oversight: report

The American Perpetuals Exchange Corporation raised $30 million at a $300 million valuation, Fortune reported on Thursday.

• Theodore Gillibrand, son of Senator Kirsten Gillibrand, has raised $30 million for American Perpetuals Exchange Corporation (APEC) at a $300 million valuation.
• APEC plans to seek joint CFTC and SEC oversight for listing single-name equity perpetuals, aiming for a Designated Contract Market license with a special exemption.
• The venture highlights the ongoing regulatory discussions and efforts to establish regulated U.S. venues for perpetuals trading, contrasting with offshore platforms.

Topics: Legal regulatory, Institutional adoption, Jurisdictions, Securities law classification, Licensing issuer obligations, Established hubs, Regulatory sandboxes pilots

Tags: #americanperpetualsexchangecorporation #theodoregillibrand #cftc #sec #perpsexchange #equityperpetuals #regulatoryharmonization #luxcapital #designatedcontractmarket #derivativesclearingorganization

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