CME to sue CFTC over perpetual futures, calls them swaps

1 min read
Source: CNBC
CME to sue CFTC over perpetual futures, calls them swaps
Photo: CNBC
TL;DR Summary

CME Group CEO Terrence Duffy says the exchange will sue the CFTC over the regulator’s approval of bitcoin perpetual futures for Kalshi, arguing perpetuals are swaps under the Dodd-Frank Act; the lawsuit is to be filed the next day, a plan he has been pursuing with the board for months as he prepares to step down in 2027, while the CFTC defends its decision.

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