Ondo Finance Comment Letter on Stock Perpetuals to SEC and CFTC
Ondo Finance's August 24 letter to the SEC and CFTC argues that existing security futures rules already cover perpetual contracts on U.S. stocks.
Ondo Finance submitted a comment letter dated August 24 to the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The letter asserts that the existing U.S. security futures framework already permits perpetual contracts based on stocks.
No new regulations are required, according to the filing.
Regulator responses or next steps have not been disclosed.
The letter does not detail the scope or exact product definitions under discussion.