The Commodity Futures Trading Commission has issued a policy statement setting out its views on the listing of perpetual contracts, alongside an order permitting a designated contract market to list as a futures contract a perpetual contract that references the spot price of bitcoin. The statement says perpetual contracts have unique characteristics that can vary with the underlying asset they reference. For perpetual contracts tied to asset classes not contemplated in the order, the Commission considers the case by case review process under Commission Regulation 40.3 to be the appropriate route for listing. The policy statement will be published in the Federal Register.