[CoinDesk] CFTC gets into legal clash over stock perps after having cleared path for crypto...

The CFTC faces a lawsuit from a coalition including Citadel Securities over its decision to allow perpetual futures tied to equities, with the plaintiffs arguing such products fall under SEC jurisdiction rather than the derivatives regulator's purview. The dispute follows the CFTC's move to clear a path for crypto-style perps on stock indices, a step the industry had sought as a bridge between digital-asset derivatives and traditional markets. The case matters because it tests how far the CFTC can extend its oversight into equity-linked products and could shape the regulatory home for a fast-growing class of perpetual contracts. Watch for the court's response to the jurisdictional challenge and whether other exchanges pause or proceed with stock-perp listings while the legal question is unresolved.