CFTC Chairman Michael S. Selig announced that perpetual futures on individual U.S. stocks can begin trading on U.S.-regulated exchanges

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Equity perpetual futures are classified as security futures products, requiring exchanges to hold a Commodity Futures Trading Commission contract market registration and a notice registration with the Securities and Exchange Commission

CME Group filed a lawsuit against the Commodity Futures Trading Commission in June 2026, challenging the CFTC's approval of crypto perpetual futures contracts on the grounds that contracts with funding payments are swaps under Dodd-Frank

Exchanges Kalshi, Coinbase Derivatives, and Bitnomial submitted rule filings on September 18, 2026, to list equity perpetual futures, but the Commodity Futures Trading Commission's November 3, 2026 statement set no official launch date

The Commodity Futures Trading Commission and Securities and Exchange Commission rely on the Commodity Futures Modernization Act of 2000 and a March 11 Memorandum of Understanding to coordinate oversight of security futures products

Commodity Futures Trading Commission Chairman Michael S. Selig stated on November 3, 2026, that bringing equity perpetual futures into regulated U.S. markets prevents American traders from turning to unregulated offshore exchanges

Financial industry group SIFMA asked regulators on November 2, 2026, to pause the rollout of equity perpetual futures to allow public comment, while advocacy group Better Markets characterized the instruments as gambling tools in disguise

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Crypto.com announced the shutdown of its Hong Kong consumer app

A rejection of Foris DAX HK Limited's Virtual Asset Trading Platform application by Hong Kong's Securities and Futures Commission could trigger a mandatory three-month wind-down of operations

Hong Kong's Securities and Futures Commission has granted full virtual asset trading platform licenses to only a select number of operators

Crypto.com cited evolving regulatory requirements in Hong Kong in emails sent to its local users regarding the shutdown of its Hong Kong consumer app

As of November 2026, Foris DAX HK Limited's application for a Hong Kong virtual asset trading platform license remains pending under a 'deemed-to-be-licensed' transitional status

Crypto.com's local subsidiary, Foris DAX HK Limited, applied to the Securities and Futures Commission for a Virtual Asset Trading Platform license on February 9, 2024

Crypto.com is continuing to pursue its Hong Kong regulatory license through Foris DAX HK Limited specifically for its institutional-grade Crypto.com Exchange platform

Hong Kong has been tightening its regulatory rules for virtual asset platforms

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Circle submitted comments to the SEC urging it to accommodate permissionless institutional networks, such as the Arc Network, while finalizing its proposed Regulation Crypto Assets

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Acting Bureau Chief Keith A. Alt signed an order rescinding the cease-and-desist order and $5 million penalty against Coinbase's staking service without prejudice

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SEC staff issued an updated FAQ on governance tokens establishing that projects must show widely distributed voting power among independent holders to avoid being designated as a controlling central party

Coinbase Chief Legal Officer Molly Abraham stated that New Jersey users missed millions of dollars in staking rewards over three years, while Coinbase previously estimated those missed state rewards at over $15 million

The November 2, 2026 SEC update on governance tokens represents nonbinding staff guidance rather than formal law or regulation, leaving open the possibility that future regulators interpret governance token control differently

The U.S. midterm elections on November 3, 2026 will determine the composition of the next Congress responsible for potentially revisiting cryptocurrency legislation