[Coinbase Submits Three Proposals to U.S. CFTC and SEC Regarding Perpetual Contracts and Prediction Market Regulation] Coinbase Chief Policy Officer Faryar Shirzad posted on the X platform stating that Coinbase has submitted a response to the joint request for comments from the CFTC and SEC regarding the definition and compliance framework for perpetual contract products. Coinbase proposed three recommendations: establish a flexible compliance framework to promote customer choice, competition, and innovation; classify equity perpetual derivatives under securities futures regulation; and allow exchanges regulated by either agency to list event contracts related to securities. Coinbase noted that perpetual derivatives and prediction markets provide investors with new tools for investment and risk management, but the complex jurisdictional boundaries between the two major regulatory agencies impose inconsistent requirements on economically related products, hindering market participants' ability to offer and integrate products through a single U.S.-regulated technology stack.