CME and CFTC Clash Over On-Chain Perpetual Futures
The ongoing dispute between the CME Group, the largest derivatives exchange operator in the US, and its regulator, the Commodity Futures Trading Commission (CFTC), has intensified over the agency's decision to allow blockchain-based perpetual futures products. The CME has sued the CFTC and its chairman, Mike Selig, challenging the approval of crypto perpetual futures, which are decentralized deri…