The CME and CFTC's Dispute Over On-Chain Perpetual Futures
The ongoing feud between the CME Group, the largest derivatives exchange operator in the U.S., and its regulator, the Commodity Futures Trading Commission (CFTC), has reached a boiling point. The CFTC's decision to allow blockchain-based perpetual futures products has sparked a lawsuit from the CME, which claims that the agency is misapplying the law. The CME argues that these products, known as …