The tweet was deleted by the author.
But we saved everything 🙂.
Scott Melker, owner and content creator, criticizes the Commodity Futures Trading Commission (CFTC) for taking years to address perpetual swaps and allowing platforms like Kalshi, Coinbase, and Kraken to lead in this space.
He notes that the CFTC has now deemed such products illegal this week, prompting CME, a major player in futures trading, to consider legal action against the regulator.
Melker has previously commented on recent crypto market volatility, highlighting panic selling triggered by Strategy's minor BTC sale and Mt. Gox wallet movements in a recent article. He also noted that Strategy’s $1.7 billion dividend remains manageable in light of MSTR stock’s $2.7 billion average daily trading value, according to a separate analysis. These observations follow his ongoing coverage of developments at the intersection of trading products and regulatory oversight.