Better Markets has publicly opposed a CFTC proposal that would bring certain cryptocurrency transactions and exchanges under the agency's oversight. Its view is that the CFTC is the wrong agency to regulate retail crypto. The report was published on October 6, 2026.
Better Markets argues that investors would end up with less protection under the CFTC's framework than they would have under the SEC. It also says the US derivatives regulator does not have what it needs to oversee this market.
The report does not say which transactions or exchanges the proposal would cover. It does not give a timeline for the rules or say how the CFTC has responded to the criticism. Those points are not yet known.
If you already hold a perpetual position on Bitget, Bybit, MEXC or OKX, this changes nothing directly today. This is a proposal, and one group is criticising it. Nothing in the report changes funding rates, trading fees or liquidity on any of these exchanges, and the report does not say whether offshore perpetual futures fall within the proposal's scope.
Source: cointelegraph — Better Markets says CFTC is ‘wrong agency’ to regulate retail crypto