Wu Blockchain (@WuBlockchain): Just In: CME to Sue CFTC Over U.S. Approval of Perpetual Futures
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Just In: CME to Sue CFTC Over U.S. Approval of Perpetual Futures CME Group, the world’s leading derivatives marketplace, will sue the CFTC over its approval of perpetual futures in the U.S., outgoing CEO Terrence Duffy said. The dispute follows the CFTC’s late-May approval allowing platforms including Kalshi and Coinbase to offer regulated crypto perpetual futures. Duffy argued that perpetual futures should be treated as swaps under the Dodd-Frank Act rather than ordinary futures, and said CME has exclusive rights to the relevant benchmark provider, meaning related products should go through CME regardless of whether they are structured as perpetual contracts.