Ex-SEC and CFTC officials warn heavy crypto perps rules will keep $90 trillion market offshore

Former SEC and CFTC officials are urging regulators to adopt a lighter-touch approach to crypto perpetual contracts (perps), warning that overly burdensome rules will keep a $90 trillion market offshore. The agencies are pressing ahead on crypto derivatives and custody regulations even as the Clarity Act remains stalled in Congress. The officials argue that proportionate regulation is needed to bring the perps market onshore under US oversight.

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