CME and CFTC Lock Horns Over On-Chain Perpetual Futures
The rift between the CME Group, the largest derivatives exchange operator in the U.S., and its regulator, the Commodity Futures Trading Commission (CFTC), has intensified over the agency's decision to allow blockchain-based perpetual future products. The CME has filed a lawsuit against the CFTC and its chairman, Mike Selig, challenging the approval of crypto perps, which are decentralized derivat…