CFTCLicensingJune 24, 2026

CFTC & SEC Ask How to Clarify 'Swap' Definition for Innovative Products

The CFTC and SEC are seeking comment on how to draw clearer regulatory lines between swaps and security-based swaps, particularly for innovative products that may implicate both agencies' jurisdiction. This is directly relevant to crypto firms offering derivative or hybrid digital asset products that could be classified as swaps or securities. The request also covers alternative compliance pathways, which could benefit crypto-native firms.

What to do

Assess your digital asset derivative and structured product offerings against current swap/security-based swap definitions and prepare a comment letter outlining how regulatory ambiguity affects your compliance posture.

Who this affects

Crypto ExchangeBroker-Dealer / RIADeFi / Web3Other

Does this affect your program?

Pick your institution type for an instant read on whether you're in scope — then see exactly which sections of your own policies this changes.

Source

Read the official publication

This radar entry is educational and does not constitute legal advice. Summaries are AI-assisted and grounded in the linked official source; always verify against the primary source and consult qualified legal counsel for jurisdiction-specific guidance.

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SEC

Coinbase Derivatives Files Rules for Cash-Settled Futures on Stocks and ETFs

Coinbase Derivatives, LLC has filed new rules with the SEC covering cash-settled futures on individual equities and ETFs, including perpetual single-stock futures. Compliance officers at crypto-adjacent broker-dealers and exchanges should monitor this development as it signals expanding regulated derivatives offerings from a major crypto platform, with implications for customer margin, product disclosures, and applicable futures/securities rules.

SEC

Bitnomial Exchange Proposes Security Futures Listing and Margin Rules

Bitnomial Exchange, LLC has filed a proposed rule change with the SEC covering security futures product listing standards and customer margin requirements. As a crypto-native exchange expanding into regulated security futures, this filing is relevant for compliance teams tracking how digital asset venues are building out their regulated derivatives frameworks and associated customer protection rules.

SEC

SEC Grants Temporary Relief for Tokenized Stock Trading Venues and Liquidity Providers

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