CME and CFTC Clash Over On-Chain Perpetual Futures
The rift between the CME Group, the largest derivatives exchange operator in the US, and its regulator, the Commodity Futures Trading Commission (CFTC), has reached a boiling point over the agency's decision to allow blockchain-based perpetual futures products. The CME has sued the CFTC, arguing that the regulator is mislabeling these products and misapplying the law, as futures contracts require…