Ondo Urges SEC and CFTC to Regulate US Stock Perpetual Futures

Ondo Finance has submitted three comment letters to the SEC and CFTC, arguing that perpetual futures tied to individual stocks can operate under existing securities and futures frameworks without new regulations. The company noted that its Panama-based affiliate has already processed $8 billion in trading volume for such products since June. Ondo contends that periodic funding rates effectively align perpetual contracts with underlying stock prices, similar to traditional futures, and that no statutory requirement mandates fixed expiration dates for securit