CFTC challenges CME Group's legal standing in a dispute over perpetual futures regulation.
DeFi & Yields ·
The CFTC has challenged CME Group's legal standing in a dispute over perpetual futures regulation, according to reporting on the matter. CME Group had previously sued the CFTC, arguing that perpetual futures qualify as swaps under Dodd-Frank and warning of speculation risks comparable to those preceding the 2008 financial crisis. The clash centers on how newly approved U.S. perpetual futures should be classified and regulated within the derivatives market framework.