CME and CFTC Locked in 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 introduction of blockchain-based perpetual future products. The CME has taken the CFTC to court, arguing that the agency's decision to allow these products, known as 'perps', is a misinterpretation of the law. …