CME Group sues CFTC over crypto perpetual futures
CoinTelegraph·
60-second summary
The CME Group is suing the CFTC over crypto perpetual futures, alleging the regulator is treating them as swaps, posing risks to derivatives markets. The lawsuit targets the CFTC and Chair Michael Selig, claiming this classification is unfair and may harm the market. This move could have significant implications for the crypto derivatives market and regulatory landscape.
The lawsuit targets the federal regulator and Chair Michael Selig, alleging that the Commodity Futures Trading Commissioin is treating cryptocurrency “futures” as “swaps,” posing risks to derivatives markets.