FalconX Bravo wants US regulators to treat cash-settled perpetuals tied to a single security or a narrow-based security index as security-based swaps under SEC rules when they fall outside the joint SEC-CFTC security-futures framework. The filing expressly includes comparable contracts offered through DeFi protocols. The firm submitted its proposal to the Securities and Exchange Commission and Commodity Futures Trading Commission on Aug. 12.
Source: CryptoSlate

