CME and CFTC Clash Over On-Chain Perpetual Futures
The dispute between the CME Group, the largest derivatives exchange operator in the US, and its regulator, the Commodity Futures Trading Commission, has escalated into a full-blown battle over the introduction of on-chain perpetual futures. The CFTC recently gave its first approval for the listing of such products, but the CME is challenging this decision in court, arguing that the regulator is m…