CME and CFTC Engage in Heated Battle Over On-Chain Perpetual Futures
The conflict between the CME Group, the largest derivatives exchange operator in the US, and its regulator, the Commodity Futures Trading Commission (CFTC), has escalated into a federal court case, with significant implications for the rapidly growing on-chain perpetual futures market. The CME Group is challenging the CFTC's decision to allow blockchain-based perpetual futures products, arguing t…