Multicoin Capital Co-Founder Supports U.S. Retail Access to Pre-IPO Perpetual Contracts

Multicoin Capital co-founder Tushar Jain said at a U.S. CFTC Innovation Advisory Committee meeting that he supports opening Pre-IPO perpetual contracts to U.S. retail users. He said ordinary investors are currently excluded by private market access restrictions or can only participate indirectly through opaque special purpose vehicles, which he described as unfair and not transparent. According to Foresight News, Jain also suggested a safe harbor or innovation exemption for emerging markets such as hashrate derivatives, allowing developers to test new products and business models within a compliance framework.He also backed the use of compliant privacy and confidentiality tools in DeFi, saying they could protect institutional investors' trading privacy while still giving regulators enough transparency to identify and manage systemic risk.