Coinbase-Led Group Backs CFTC on U.S. Single-Stock Perpetuals
Coinbase, Kalshi and Jump Trading are among six firms seeking to defend the CFTC’s authority to regulate perpetual futures tied to individual U.S. stocks.
Coinbase, Kalshi and Jump Trading are among six firms seeking to defend the CFTC’s authority to regulate perpetual futures tied to individual U.S. stocks. This is an original TLT brief synthesising 4 outlets (Unchained, The Block, Cointelegraph, and others), plus live market data, as of Tue, 10 Nov 2026 15:45:02 UTC.
The intervention places crypto and trading firms on the side of the CFTC in a dispute over whether perpetual-futures markets for single U.S. stocks should be allowed to proceed. The outcome could shape the regulatory perimeter for products that combine crypto-market trading structures with stock exposure.
- Coinbase, Kalshi and Payward backs CFTC in lawsuit over single-stock perp futures ↗
- Coinbase, Kalshi Back CFTC as Stock Perpetuals Spark Regulatory Fight ↗
- Coinbase, Kalshi and Jump Trading Urge Judge to Keep Single-Stock Perps Trading ↗
- Coinbase, Kalshi join lawsuit backing CFTC over US stock perp futures ↗
- Six crypto and trading firms backed the CFTC’s position.
- Coinbase, Kalshi and Jump Trading were among the participants.
- The dispute concerns perpetual futures on individual U.S. stocks.
- The procedural status differs: a filed brief versus a requested leave to file.
Unchained and The Block agree that Coinbase, Kalshi, Jump Trading and other firms are seeking to support the CFTC in litigation involving proposed perpetual futures on single U.S. stocks. Unchained says six crypto and trading firms filed a brief backing the agency against a trade group seeking to block those contracts, while The Block likewise identifies a legal effort to defend CFTC regulatory authority. The main difference is procedural: Unchained characterizes the filing as completed, whereas The Block says the firms moved for leave to file an amicus brief; neither report provides a ruling or outcome.
- CFTC Backs US Stock Perpetuals as Wall Street Challenges Jurisdiction
- Crypto firms seek to support CFTC's bid over stock perpetuals
- Coinbase-Led Group Backs CFTC on U.S. Single-Stock Perpetuals — this brief
Coinbase, Kalshi and Jump Trading are among six crypto and trading firms backing the CFTC in a dispute over single-stock perpetual futures in the United States. Their position opposes a trade group of exchanges and brokers that wants the products blocked, according to Unchained. The intervention concerns whether the CFTC has authority to regulate futures that provide perpetual exposure to an individual stock.
The Block reports that the firms sought permission to file an amicus brief defending the agency’s authority over the products. Such a brief would give the court additional industry perspectives outside the parties’ direct dispute. The supplied coverage identifies the broader goal but does not name the court, judge, specific respondent exchanges or proposed launch details.
The two outlets corroborate the identity of the CFTC, the intervention by crypto and trading firms and the issue at stake: whether perpetual futures tied to individual U.S. stocks should be permitted. Their descriptions differ on the filing’s procedural stage. Unchained says the six firms filed their brief, while The Block says they moved for leave to file an amicus brief, leaving the precise posture described differently by the publications.
The regulatory conflict turns on a boundary between futures regulation and the product structure proposed for stock-linked perpetuals. The firms backing the CFTC are effectively arguing that the agency retains authority to oversee the contracts, while the opposing trade group wants those markets stopped. No decision, settlement or temporary restriction is described in the available coverage.
The broader crypto market context is subdued: total market capitalization stands at $2.54 trillion and the overall market is flat. 
Bitcoin is up 0.05% over 24 hours, while the Fear & Greed index reads 32, indicating a “Fear” sentiment reading. The market figures provide context for the legal development, although no specific asset linked to the proposed single-stock products is identified.
Figures and sectors in this story, checked live against on-chain aggregators · November 10, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Coinbase-Led Group Backs CFTC on U.S. Single-Stock Perpetual — questions & answers
What products are at the center of the dispute?
The dispute concerns perpetual futures tied to individual U.S. stocks and whether the CFTC has authority to regulate them.
Who is supporting the CFTC?
Six crypto and trading firms are supporting the agency, with Coinbase, Kalshi and Jump Trading named among them.
Has the court ruled on the dispute?
No ruling or settlement is described in the supplied coverage, which focuses on the firms’ proposed legal intervention.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Unchained, The Block, Cointelegraph, CoinEdition, with the key figures cross-checked for agreement across them. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.