CME and CFTC Clash Over On-Chain Perpetual Futures
The conflict between the CME Group, the largest derivatives exchange operator in the U.S., and its regulator, the Commodity Futures Trading Commission, has escalated into a lawsuit, with the CME challenging the CFTC's approval of blockchain-based perpetual futures products. The CME claims that these products, which allow users to speculate on asset prices with leverage and no expiration date, are…