Crypto Perpetual Futures Poised to Hit U.S. Shores, Says CFTC Commissioner

Summer Mersinger Drops Bombshell: "Absolutely, They're Coming!"

Hold onto your hats, crypto fans! Summer Mersinger, the powerhouse commissioner at the Commodity Futures Trading Commission (CFTC), just spilled some major tea. She's convinced that the trading of crypto perpetual futures is about to make a splash in the United States, and it's happening sooner than you might think!

During a jaw-dropping interview on Bloomberg TV on May 22, the soon-to-be-ex-CFTC commissioner didn't hold back. When grilled about the possibility of perpetual crypto futures getting the green light in the U.S., Mersinger shot back with a resounding, "Yeah, absolutely!" She's betting big that these products will be live and trading in no time.

"It would be epic to bring that trading back onshore to the U.S.," Mersinger declared. She's fed up with seeing it pushed offshore for so long and is ready to shake things up. "I think those can come to market now, and we're seeing some applications," she added, the excitement practically dripping from her words.

But it's not just about the thrill of the trade. Mersinger believes that bringing these products under the U.S.'s regulatory wing would be a game-changer for the industry. And get this—she thinks it'll give the whole economy a major boost too!

For those not in the know, crypto perpetual futures are like the wild child of derivatives contracts. They let traders go all in on a cryptocurrency's price without any pesky expiry dates. The crypto futures market has been blowing up, hitting a mind-blowing $3.7 trillion in volume in April alone. But until now, the U.S. has been sitting on the sidelines.

Mersinger isn't just talking shop; she's confident that the CFTC will keep doing its thing, no matter who's running the show in Washington. She's all about making sure the derivatives markets stick to their legal duties of price discovery and hedging.

And she's not stopping there. Mersinger even chimed in on the stablecoin bill making waves in the Senate. Her take? "Crypto is here to stay," and she's not messing around.

Oh, and one more thing: Mersinger is hanging up her CFTC hat on May 30. But don't think she's slowing down. She's jumping straight into the CEO role at the Blockchain Association, ready to keep pushing the crypto agenda forward.