Crypto firms seek to support CFTC's bid over stock perpetuals
Coinbase, Kalshi, Payward and three trading firms asked for permission to file a brief supporting the CFTC’s authority over single-stock perpetual futures.
Coinbase, Kalshi, Payward and three trading firms asked for permission to file a brief supporting the CFTC’s authority over single-stock perpetual futures. This is an original TLT brief synthesising 3 outlets (Crypto.news, The Cryptonomist, Crypto Economy), plus live market data, as of Tue, 10 Nov 2026 15:45:02 UTC.
The proposed brief places major crypto firms directly behind the CFTC’s position in a federal jurisdictional dispute, potentially influencing how stock perpetual futures are regulated in the US.
- Seven firms seek to support the CFTC in a stock-perpetuals jurisdictional dispute
- The request concerns the CFTC’s authority over single-stock perpetual futures in the US
- Both Crypto.news and The Block describe the firms’ proposed amicus intervention
- Total crypto market cap stands at $2.55T; Bitcoin is down 0.40% over 24 hours
Crypto.news and The Block agree that Coinbase, Kalshi, Payward and three trading firms are seeking leave to file an amicus brief supporting the CFTC’s regulatory authority over single-stock perpetual futures in the US. Crypto.news identifies the broader group backing the CFTC, while The Block highlights the procedural step of requesting permission to submit the brief. The coverage does not identify the three trading firms or provide conflicting figures, and neither outlet reports that a court has ruled on the request.
- CFTC Backs US Stock Perpetuals as Wall Street Challenges Jurisdiction
- Crypto firms seek to support CFTC's bid over stock perpetuals — this brief
- Coinbase-Led Group Backs CFTC on U.S. Single-Stock Perpetuals
Coinbase, Kalshi, Payward and three trading firms are asking for leave to file an amicus brief in a federal lawsuit concerning the CFTC’s authority over single-stock perpetual futures. The proposed filing would place a group of crypto firms on the side of the US commodities regulator in the dispute over how the products should be overseen.
The intervention is procedural rather than a final submission, according to The Block: the firms have moved for leave to file the brief. Crypto.news characterizes the broader action as support for the CFTC. Neither outlet reports a judicial decision, a settlement or a change in the products’ regulatory status.
The disagreement at issue is jurisdictional. The CFTC is defending its authority to regulate single-stock perpetual futures, while the federal lawsuit is expected to determine whether those instruments fall within its remit. Support from firms associated with crypto trading and prediction markets could add industry backing to the regulator’s position, although the supplied coverage does not describe the arguments the proposed brief would contain.
Both outlets identify Coinbase, Kalshi and Payward among the participants. Crypto.news also states that three additional trading firms are involved, although neither outlet names those companies. The available summaries do not provide details about the lawsuit’s filing date, the opposing party, the specific stock contracts involved or any requested monetary relief.
Market conditions were subdued during the coverage: total crypto market capitalization was $2.55T and the broader market was flat, while 
Bitcoin was down 0.40% over 24 hours. The Fear & Greed Index stood at 32, placing sentiment in the “Fear” category. No coin-specific link to the lawsuit was identified, and the figures provide market context without establishing that regulatory developments drove recent price action. What to watch is whether the court grants leave, whether the firms file the brief and how that participation is weighed in the jurisdictional dispute.
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.
Crypto firms seek to support CFTC's bid over stock perpe — questions & answers
What are the crypto firms seeking in the lawsuit?
They are seeking leave to file an amicus brief supporting the CFTC’s authority to regulate single-stock perpetual futures in the US.
Which companies are supporting the CFTC?
Crypto.news and The Block identify Coinbase, Kalshi and Payward, alongside three trading firms whose names were not provided.
Has the court ruled on the firms’ request?
No. The available coverage concerns the firms’ request for leave to file; it does not report a ruling or a final amicus filing.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news, The Cryptonomist, Crypto Economy, 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.