The Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) announced plans to potentially permit perpetual futures contracts to be traded domestically in the U.S. This move could significantly impact access to a key derivative in the global crypto markets. SEC Chair Paul S. Atkins and CFTC Acting Chair Caroline D. Pham jointly stated that both agencies are looking into ways to synchronize their regulatory efforts to prevent past issues that led to trading occurring outside the country due to regulatory uncertainties. The statement highlighted the importance of avoiding hindrances to economic activities that would otherwise comply with federal regulations. Perpetual contracts, which are derivatives without expiration dates, currently hold a dominant position in the market.