The Commodity Futures Trading Commission has issued a policy statement setting out its approach to the listing of perpetual contracts. It was released 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 the Commission considers the case by case review process under Commission Regulation 40.3 to be appropriate for perpetual contracts that reference asset classes not covered by the bitcoin-related order, reflecting the view that these products have unique features that vary with the underlying asset. The policy statement will be published in the Federal Register.