The US government is encouraging the use of perpetual futures, products that can bring further risk to financial transactions. Approval of perpetual futures was an important step for the Trump administration, but it also had significant impacts. Perpetual futures, or 'perps', are a type of derivative finance that differ from traditional ones because they do not have a specific term and can be perpetually held indefinitely.

This type of derivative finance was first developed in non-US crypto-markets and now is emerging in the American financial sector. Experts have highlighted that these derivatives present a grave risk of disintegration of the financial market structure. In particular, perpetual futures are typically used by individual investors and have never been registered under a rigorous regulatory regime.

Some major financial institutions, such as CME Group and Cboe Global Markets, have declared that the approval of perpetual futures represents a significant risk for their clients. Kalshi, Coinbase, and Robinhood, among others, have started operating in this new market, creating additional tensions with traditionalists. The decision by the US government has raised many concerns among financially active operators.

Michael Selig, president of the American Commodity Futures Trading Commission (CFTC), stated that it is important to maintain the homologation of American markets, but criticized the approval of perpetual futures as a 'wooden wall' to protect consumers. Perpetual futures could also influence the structure of the financial market, making it more unstable and less secure. This could have significant impacts on financial stability and existing regulations, which were developed during the post-crisis period.

The conflict between traditionalists and futurists may grow in 2026 when legislative elections will be held. Opposition to current regulations may increase, creating further tensions between the two groups. In conclusion, while the approval of perpetual futures represents an important step for the Trump administration, it should be considered with caution from the perspective of financial security and current regulation.

The potential consequences of this new form of derivative finance can be considerable and should be studied carefully before approving further approvals.