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Kalshi’s crypto perpetuals spark debate over whether they’re futures or swaps https://www.coindesk.com/polic....y/2026/06/12/kalshi- #kripto #crypto #coindesk

Kalshi’s crypto perpetuals spark debate over whether they’re futures or swaps

A clash between derivatives veterans is exposing a deeper discussion over how U.S. regulators should classify crypto perpetual contracts.
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