According to Cointelegraph, BitMEX co-founder Arthur Hayes expressed that he was "honored" by Coinbase's stance supporting the CFTC in the legal dispute over U.S. stock perpetual contracts. The report states that Coinbase, along with five other companies, filed an amicus brief opposing industry groups' efforts to block the trading of single-stock-linked perpetual contracts. Hayes compared this to BitMEX's launch of perpetual swaps in 2016. The aforementioned represents Hayes' response and the positions of the litigation parties, and does not imply a final ruling has been reached regarding the legal classification dispute of the product.