CME and CFTC Engage in Bitter Dispute Over On-Chain Perpetual Futures
The conflict between the CME Group and the U.S. Commodity Futures Trading Commission (CFTC) has been intensifying, with the CME suing the regulator over its decision to allow blockchain-based perpetual futures products. The CME claims that these products, which enable users to speculate on asset prices with leverage and no expiration date, are being mislabeled and thus misregulated. The company a…