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CFTC Issues No-Action Letter Allowing Digital Commodity Futures to Remove Expiration Dates

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2026-06-14 03:33:56
The U.S. Commodity Futures Trading Commission (CFTC) Market Oversight Division has issued a No-Action Letter allowing designated contract markets (DCMs) to convert existing digital commodity perpetual-style futures contracts into digital commodity perpetual futures contracts by removing contract expiration dates.

According to Foresight News, the relief applies only if DCMs meet specified investor protection and procedural requirements. These include soliciting feedback from position holders, providing advance notice and an opportunity to exit, and delivering risk disclosures.

The letter also requires that DCMs do not change other material contract terms. In addition, DCMs must submit amended filings as required and certify compliance with applicable rules.

The no-action relief is effective through 2026-06-30.
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