CME Group to sue CFTC over approval of perpetual futures, CEO tells CNBC
The Block·
60-second summary
The CME Group is planning to sue the CFTC over the approval of perpetual futures, with CEO Duffy stating that these contracts should be classified as swaps under the Dodd-Frank Act, which would subject them to stricter regulations. This move could impact the growing popularity of perpetual futures, potentially limiting their adoption in the market.
CME Group CEO Duffy said perpetual futures should be classified as swaps under the Dodd-Frank Act, which would form the basis of the lawsuit.