CME and CFTC Clash Over On-Chain Perpetual Futures
The ongoing battle between the CME Group and the US Commodity Futures Trading Commission (CFTC) has escalated, with the exchange operator challenging the regulator's decision to allow blockchain-based perpetual future products. The CME Group, the largest derivatives exchange operator in the US, has sued the CFTC and its chairman, Mike Selig, arguing that the agency is mislabeling these products a…