# CFTC staff permits temporary conversion of existing contracts into true digital-commodity perpetual futures

> CFTC staff provided temporary no-action relief allowing designated contract markets to remove expiration dates from certain existing digital-commodity perpetual-style futures while open interest existed, subject to participant notice, exit rights, risk disclosures, limited amendments, and Part 40…

- URL: https://riadefi.com/regulation/2026-06-12-cftc-letter-26-19-digital-commodity-perpetual-conversion/
- Posture: Guidance
- Authorities: CFTC Division of Market Oversight
- Event date: 2026-06-12
- Effective: 2026-06-30
- Version: 1, published 2026-08-07 (first published 2026-08-07)
- Advisor-relevant: yes

## What changed

CFTC staff provided temporary no-action relief allowing designated contract markets to remove expiration dates from certain existing digital-commodity perpetual-style futures while open interest existed, subject to participant notice, exit rights, risk disclosures, limited amendments, and Part 40 filings. The relief expired June 30, 2026.

## Who it affects

- DCMs, FCMs, clearing members, CTAs, CPOs, advisers, and open-position holders

## What is still open

- Longer-term Commission treatment of contract conversions
- Market, funding, liquidation, margin, and disclosure performance after conversion

## What it means for an advisor

- Identify whether client positions were amended and whether consent, exit, disclosure, and risk controls were satisfied
- Do not rely on expired no-action relief for later conversions

## Previous interpretation

Existing perpetual-style contracts with expiration dates could not be converted with open interest under this temporary staff path.

## Sources

1. [CFTC Staff Letter 26-19 — Digital Commodity Perpetual Futures Contract Amendments](https://www.cftc.gov/csl/26-19/download) · CFTC Division of Market Oversight · 2026-06-12 · effective 2026-06-30


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Published by Ketju Research on RIADeFi (https://riadefi.com). Educational research for financial professionals; not investment, legal, tax, or compliance advice.