U.S. CFTC Issues No-Action Relief Allowing DCMs to Convert Digital Commodity Perpetual-Style Futures

ME News reported that on June 14 (UTC+8), the U.S. Commodity Futures Trading Commission (CFTC) disclosed on its website that the Division of Market Oversight has issued a No-Action Letter allowing Designated Contract Markets (DCMs) to convert existing digital commodity perpetual-style futures into digital commodity perpetual futures by removing the expiration date. The relief is conditioned on meeting investor-protection and procedural requirements, including soliciting feedback from position holders, providing advance notice and an opportunity to exit positions, making appropriate risk disclosures, and leaving all other material contract terms unchanged. DCMs are also required to file amended documentation and certify compliance with applicable regulations. The no-action relief remains in effect through June 30, 2026. (Source: Foresight News)