Crypto Firms Back CFTC in Lawsuit Over Stock Futures Regulation

• Coinbase, Kalshi, and four other companies filed an amicus brief in support of the CFTC.
• The Capital Markets Alliance argues that stock perpetual futures fall under SEC jurisdiction.
• The lawsuit centers on whether US exchanges can list perpetual futures tied to individual stocks.
• The firms seek to defend the CFTC's authority to regulate these financial products.
• The case involves a legal dispute over regulatory jurisdiction and authority.