CME and CFTC Lock Horns Over On-Chain Perpetual Futures
The ongoing battle between the Commodity Futures Trading Commission (CFTC) and the CME Group, the largest derivatives exchange operator in the US, has reached a boiling point. At the center of the dispute is the CFTC's decision to allow blockchain-based perpetual futures products, which the CME claims are being mislabeled and misregulated. The CME has taken the CFTC to court, arguing that these p…