CME's Duffy warns an overlooked tax risk looms over U.S. perpetual futures

CoinDesk·

CME's Duffy warns an overlooked tax risk looms over U.S. perpetual futures

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CME CEO Terry Duffy warns a looming tax risk threatens U.S. perpetual futures, citing a court battle over whether these contracts are swaps or futures, which could impact IRS taxation. Independent experts agree the issue remains unresolved, leaving market participants uncertain about potential tax implications, affecting trading decisions and market stability.

CME CEO Terry Duffy said a court battle over whether perpetual futures are swaps or futures could eventually affect how the IRS taxes the contracts. Independent legal experts say the issue remains unresolved.