CFTC Clears Stock Perps; SEC Staff Calls Canton Coin a Digital Commodity

The CFTC has cleared perpetual futures referencing equities, importing a contract design that originated and scaled in crypto markets CoinDesk. Perpetuals have no expiry and track spot through periodic funding payments, which concentrates leverage and liquidity in a single continuous instrument rather than a calendar of dated contracts. Structurally, the approval validates the crypto-native derivatives model inside a regulated U.S. venue framework and could widen the competitive field between crypto exchanges and traditional derivatives operators.

The SEC's Division of Corporation Finance said it would not recommend enforcement over Canton Coin's programmatic issuance and characterised CC as a digital commodity The Block. This is a staff no-action position, not a Commission rule or order, so it binds neither the Commission nor courts. Its significance lies in the template: tokens issued programmatically by a protocol, rather than sold in a capital-raising transaction, received favourable staff treatment, a distinction other issuers are likely to study closely.

Global asset manager Schroders is bringing an emerging market bond fund to Solana CoinDesk. Tokenized fund launches by established managers extend the real-world-asset category beyond U.S. Treasury products into credit with a different risk and return profile. For the host chain, such issuance adds a category of balance-sheet asset that is less correlated with native token cycles than typical DeFi deposits.

On-chain investigator ZachXBT has named French bank Crédit Mutuel Arkéa as the suspected victim of a $133 million crypto theft CoinDesk. The attribution comes from an independent investigator and has not been confirmed by the bank in today's data. If borne out, it would be a notable case of a regulated bank suffering a large crypto loss, which tends to sharpen supervisory attention on custody controls and key management.

CoinDesk argues that a U.S. Democratic sweep could be the final nail in the Clarity Act's coffin CoinDesk, while a separate piece contends that crypto policy work in Washington continues after the election CoinDesk. Market-structure legislation has been the industry's main route to statutory clarity on token classification and agency jurisdiction. In our reading, a stalled bill would raise the relative importance of agency-level positions such as today's SEC staff letter The Block.

CoinDesk's Crypto Long & Short examines ICE's bet on retail appetite for quick outcomes CoinDesk. The thesis points to a convergence between incumbent exchange operators and crypto-native product design, where short-duration and outcome-based contracts have found their strongest retail traction. Read alongside the CFTC's clearance of stock perpetuals CoinDesk, the piece reflects traditional venues adopting formats first popularised in crypto.