Stock Perps Avoid Halt as Judge Questions CFTC Authority

Stock perps avoid halt as judge questions CFTC authority

A federal judge has rejected an emergency request to halt US stock perpetual futures while finding that the challengers are likely to succeed in arguing that the CFTC exceeded its legal authority. According to the Southern District of New York’s…

Judge Denies Emergency Halt of Stock Perps, Questions CFTC Authority

The court found the challengers likely to succeed on a statutory-authority claim but said they had not shown imminent irreparable harm.

Judge Lets Stock Perps Trade, Says CFTC Likely Overstepped

Stock perpetual futures can keep trading on Kalshi, Coinbase Derivatives and Bitnomial for now after a federal judge denied an emergency bid to halt them Tuesday, while finding that the Wall Street-backed challengers are likely to prove the CFTC overstepped its authority. U.S. District Judge Valerie Caproni denied the temporary restraining order on Nov. 3 after a teleconference with the parties, hours after the CFTC said the products could begin…

Morning Minute: CFTC Clears Stock Perps, Gets Sued the Same Day

Plus, pro-crypto spending largely failed to produce results as the Democrats swept the Senate and House in Midterms.

Federal Court Denies Emergency Injunction Against Stock Perps

The US District Court for the Southern District of New York rejected a request for an emergency injunction on Tuesday that could have halted stock perp trading on designated contract markets.