How CFTC Chairman Michael Selig reversed long-standing policy to authorize perpetual crypto and stock trades on Kalshi and others, despite SEC staff concerns (New York Times)
The regulatory shift establishes a fresh precedent for perpetual trading markets that previously faced strict federal boundaries. While Securities and Exchange Commission staff voiced clear concerns regarding the expansion, the Commodity Futures Trading Commission opted to proceed with the authorization for platforms like Kalshi. Reporting on the internal agency reversal was detailed in coverage by the New York Times and recorded in media archives from November 2026.
Key points
Federal policy has officially shifted to permit perpetual digital asset and equities trad…: Federal policy has officially shifted to permit perpetual digital asset and equities trading on select retail platforms.
Inter-agency disagreement emerged as the Securities and Exchange Commission staff questio…: Inter-agency disagreement emerged as the Securities and Exchange Commission staff questioned the regulatory reversal.
The authorization represents a significant alteration of established precedent governing…: The authorization represents a significant alteration of established precedent governing perpetual trading markets.
Sources checked by our analysis pipeline: 1
Wall Street Journal: |
New York Times: |
Bloomberg: |
Lingling Wei / Wall Street Journal: |
Semafor: |
Michael Acton / Financial Times: |
Axios: |
Reuters: |
Leo Schwartz / The Information: |
Axios: |
Jonathan Weil / Wall Street Journal: |
Joe Miller / Financial Times: |
Financial Times: |
Jess Weatherbed / The Verge: |
Todd Bishop / GeekWire: |
Google: |
Mike Wheatley / SiliconANGLE: |
Alison Sider / Wall Street Journal: |
Janko Roettgers / Lowpass: |
Scott Patterson / Bloomberg: |
Alexandra S. Levine / Bloomberg: |
Nick Clegg / The Atlantic: |
Politico: |
This is a Techmeme archive page. It shows how the site appeared at 7:20 AM ET, November 12, 2026.
The most current version of the site as always is available at our home page. To view an earlier snapshot click here and then modify the date indicated.
Recent domestic momentum was propelled by late summer consumer spending, private sector business investment, and heightened artificial intelligence adoption. These drivers positioned Britain to achieve the second-fastest expansion among G7 nations, just behind the United States. However, looming headwinds from elevated borrowing costs and international energy volatility threaten to slow this rapid trajectory heading into the final quarter.
Market participants are retreating from artificial intelligence equities worldwide following worsening developments tied directly to the prominent chipmaker. The intensifying issues surrounding the firm have prompted widespread selling pressure, sparking a broader decline that stretches across international markets. This downward momentum has left related technology companies feeling the direct strain of the unfolding situation.
Market panic intensified after Nvidia's board launched an investigation into CEO Jensen Huang's ties to an alleged Chinese spy, putting his leadership in question. The turmoil triggered widespread losses across suppliers, data center operators, and global tech exchanges already strained by political and regulatory headwinds. This rapid erosion of confidence erased hundreds of billions in equity value while boosting short sellers and rival chipmakers.