CME and CFTC Engage in Heated Dispute Over On-Chain Perpetual Futures
A high-stakes conflict is unfolding between the CME Group, the largest derivatives exchange operator in the US, and its regulator, the Commodity Futures Trading Commission (CFTC), over the agency's move to allow blockchain-based perpetual futures products. The CME has filed a lawsuit against the CFTC, arguing that the regulator is mislabeling these products and misapplying the law, as futures con…