Coinbase has submitted a joint response to the Commodity Futures Trading Commission and the Securities and Exchange Commission on the definition of perpetual derivatives and alternative compliance pathways, according to Faryar Shirzad, the company’s chief policy officer. Shirzad said the current framework needs to address two issues: the complexity of product definitions and overlapping regulatory jurisdiction. In Coinbase’s view, resolving those points would help bring related activity under U.S. oversight rather than leaving it outside the domestic regulatory perimeter. Shirzad also said clearer rules would make it possible to open these products to U.S. consumers in a safer way while helping the country stay competitive with offshore jurisdictions that already hold a significant first-mover advantage in the segment. The company’s response is focused on product classification and compliance arrangements, with the stated aim of supporting a regulated path for perpetual-style derivatives in the United States.
Coinbase has submitted a joint response to the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) on the definition of perpetual derivatives and alternative compliance pathways, according to Faryar Shirzad, the company’s chief policy officer.
Response centers on product definitions and compliance structure
Shirzad said the filing focuses on how perpetual-style derivatives should be defined and what compliance arrangements could apply, with the goal of advancing a regulated framework for these products in the United States.
He said two issues need to be addressed: the complexity of product definitions and overlapping regulatory jurisdiction. In Coinbase’s view, resolving those points would allow related activity to be brought under domestic U.S. oversight.
Coinbase argues clearer rules would support U.S. competitiveness
Shirzad also said clearer rules would help open those opportunities to U.S. consumers in a safer manner while allowing the United States to remain competitive with offshore jurisdictions that already have a significant first-mover advantage in the area.
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