CME and CFTC Clash Over On-Chain Perpetual Futures
The feud between the CME Group, the largest derivatives exchange operator in the US, and its regulator, the Commodity Futures Trading Commission, has reached a boiling point over the agency's decision to allow blockchain-based perpetual futures products. The CME has sued the CFTC, challenging its decision to permit the listing of crypto perpetual futures, also known as perps, by platforms such as…