Michael Selig, chair of the Commodity Futures Trading Commission (CFTC), said the agency is working toward allowing “true crypto perpetual futures” in the United States “within the next month or so.”
He spoke on Tuesday at a Milken Institute event in Washington, DC, during a panel with SEC Chair Paul Atkins.
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Selig also said the CFTC is preparing guidance on prediction markets “in the very near future.” He linked the work to ongoing disputes over event contracts and which regulators control them.
The comments came as the CFTC operates with major vacancies. Selig is currently the only Senate confirmed commissioner, and four commissioner slots remain open, with no indication on Tuesday that President Donald Trump would nominate replacements.
Crypto Perpetual Futures: CFTC Chair Michael Selig Points to “Next Month or So”
Selig said the CFTC is moving toward “true crypto perpetual futures” in the US “within the next month or so.” He gave the timeline during the Milken panel in Washington, DC, while discussing crypto derivatives and market access.
Crypto perpetual futures are futures style contracts that do not expire.
Traders typically keep positions open as long as margin rules allow. Platforms often rely on periodic payments to keep pricing aligned with the spot market.
Selig described a shift in where firms and liquidity operate.
“The prior administration drove a lot of these firms and the liquidity offshore,”
he said while speaking alongside SEC Chair Paul Atkins.
Prediction Markets Guidance and the Market Structure Bill Put Focus on Congress
Selig said the CFTC is working to provide guidance on prediction markets “in the very near future.”
He has argued the CFTC has “exclusive jurisdiction” over platforms that offer event contracts, as states pursue enforcement actions involving companies such as Kalshi and Polymarket.
At the same event, Paul Atkins addressed the push for a market structure bill for digital assets.
He said the SEC needs a “sense of Congress enshrined in statutory form” to give courts clear direction and to support the commission’s crypto work.
Selig responded by stressing limits without legislation.
“There’s only so much you can do without legal certainty from Congress,”
he said. As of Tuesday, the Senate Banking Committee had not scheduled a markup for the market structure bill, while the White House continued talks with industry leaders on issues including stablecoin yield.
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Tatevik Avetisyan is an editor at Kriptoworld who covers emerging crypto trends, blockchain innovation, and altcoin developments. She is passionate about breaking down complex stories for a global audience and making digital finance more accessible.
📅 Published: March 4, 2026 • 🕓 Last updated: March 4, 2026
