The Commodity Futures Trading Commission (CFTC) has rapidly ascended to become a pivotal regulator in the cryptocurrency sector. This shift is attributed to the increasing focus on prediction markets and the introduction of true perpetual contracts onshore, which have heightened the importance of Designated Contract Markets (DCMs). As these financial instruments gain traction, the CFTC's role in overseeing and regulating these markets has become central to the industry's development.