Are perps swaps? A quick look at that CME suit: State of Crypto
CoinDesk·
60-second summary
The CME Group is suing the CFTC, alleging the agency misinterpreted regulations when approving Kalshi's first U.S. perpetual futures product, prompting questions about the legitimacy of perps swaps. This lawsuit has significant implications for the crypto derivatives market, potentially affecting the regulatory landscape and influencing market participants' strategies and risk assessments.
CME Group sued the CFTC on Thursday, alleging that the agency was wrong in how it approved Kalshi's first U.S. perpetual futures product.