NewsDialy
Perpetual futures, derivative contracts that track individual stock prices but carry no fixed expiration date, can already fit within US securities law as written.
That is the argument Ondo is making directly to the Securities and Exchange Commission and the Commodity Futures Trading Commission.
The company wants both agencies to sanction this class of derivative under domestic supervision rather than leaving traders to reach for it through foreign venues. The short version: no new statute needed.
Ondo's position is that existing rules can accommodate perpetuals tied to individual equities. A standard futures contract has a set expiration date; a perpetual drops that feature.
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