TD Cowen says CME has the upper hand in lawsuit against CFTC over crypto perpetual futures
The Block·
60-second summary
CME is expected to seek a preliminary injunction to block the CFTC from regulating crypto perpetual futures, as the lawsuit against the regulator proceeds. This move would likely delay the CFTC's efforts to oversee the market. The outcome will have significant implications for the growth and regulation of crypto derivatives.
"We expect CME will seek a preliminary injunction to block perps as the case proceeds," said TD Cowen's Jaret Seiberg.