CFTC Chair Michael Selig said perpetual futures contracts do not require a fixed expiration date under existing U.S. law or regulatory interpretations.Selig stated that CFTC regulated perpetual futures face the same leverage limits as other U.S. futures contracts, rejecting claims that they permit 250x leverage.More than 100 public comments were submitted during the CFTC’s 2025 consultation on perpetual contracts, while the agency said funding rates help keep prices aligned with spot markets.