Anchorage Digital submitted an application to the National Futures Association to register Anchorage Digital Swap Dealer, LLC, as a CFTC swap dealer

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The broad Nasdaq Composite-led technology stock selloff triggered over $1 billion in leveraged crypto position liquidations across crypto markets within a 24-hour period ending November 6, 2026

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Kalshi launched single-stock perpetual futures on over 50 NYSE and Nasdaq-listed equities and ETFs, becoming the first company to offer them

CFTC Chairman Michael Selig issued a statement on November 3, 2026, clearing perpetual futures on single equities to trade on CFTC-registered exchanges as joint CFTC-SEC security futures

Kalshi's single-stock perpetual contracts allow traders to go long or short on stocks like Palantir, Meta, and McDonald's without expiry dates or rollover fees

Kalshi charges direct trading fees and avoids payment for order flow, operating its own clearing entity named Kalshi Klear LLC for all single-stock perps contracts

CFTC Chairman Michael Selig stated that clearing single-stock perps gives U.S. traders an onshore option rather than forcing them onto unregulated offshore venues

Prior to Kalshi's launch, single-stock perpetual futures traded exclusively on offshore venues, generating more than $4.5 trillion in annual transaction volume outside U.S. regulatory oversight

Kalshi filed its single-stock perps application on September 18, 2026, gaining automatic approval when the CFTC's 45-day review window closed on November 2, 2026

Kalshi co-founder Luana Lopes Lara announced on November 5, 2026, that early trading volume for single-stock perps exceeded $300 million following a quiet stealth rollout

Each Kalshi single-stock perpetual contract represents 0.02 shares, with positions using daily funding payments settled at 4:00 PM ET and leverage starting around 4.9x

Kalshi expanded into equity perpetual futures after previously launching bitcoin perps in May 2026 and gold and silver perps in September 2026

Kalshi co-founder Luana Lopes Lara disclosed that the company's single-stock perpetual contracts were more than a year in the making prior to launch

The $3,000 transaction reporting threshold remains in place for qualifying cryptocurrency transfers under existing guidance from the Financial Crimes Enforcement Network

When FinCEN initially proposed lowering the reporting threshold in 2020, FinCEN argued that illicit actors were increasingly using transactions below $3,000 to move funds

Cryptocurrency advocacy organization Coin Center stated that reducing the transaction reporting threshold from $3,000 to $250 would have subjected ordinary cryptocurrency transfers to warrantless financial surveillance

FinCEN stated in a regulatory filing that it withdrew the proposed 2020 Travel Rule because more than five years had passed, the convertible virtual currency industry had changed, and additional public input would be helpful

The U.S. Treasury Department's withdrawal of the $250 threshold proposal relieves cryptocurrency exchanges and custodial institutions from expanded data-collection and recordkeeping obligations on transfers under $3,000

Prediction market pricing and market analysis indicated that removing additional regulatory surveillance on cryptocurrency exchanges reduced regulatory pressure on digital assets

Crypto Council for Innovation CEO Ji Hun Kim stated that rescinding the Travel Rule proposal was the right decision, adding that lowering the threshold to $250 for cross-border transfers would have imposed an undue burden on institutions

Multiple sovereign wealth funds have acquired exposure to Bitcoin through exchange-traded funds