CFTC Pushes Back on CME Challenge Over U.S. Perpetual Futures
Edited by Steinar Vigdel Kolnes, Editor, Oslo
The CFTC argues CME has not demonstrated harm from a new policy, as a legal dispute raises questions about perpetual futures in the U.S.
The U.S. Commodity Futures Trading Commission has challenged CME's legal position in a dispute over perpetual futures, according to CoinDesk.
The regulator argues that CME has not demonstrated that the new policy is causing it harm. That contention comes after the agency approved its first bitcoin perpetual futures product.
The case could have implications for how perpetual futures develop in the U.S. market, though the broader policy outcome remains unresolved.
Source: CoinDesk
