Per Woofun AI, Mike Selig, chairman of the U.S. Commodity Futures Trading Commission (CFTC), has reaffirmed that the regulatory review of cryptocurrency perpetual contracts will proceed on a 'single asset' basis. This stance aligns with prior clarifications issued by CFTC staff within an advisory opinion concerning 24/7 continuous trading, which established that compliance for perpetual products must be evaluated individually based on their specific underlying assets.