CME to sue CFTC over perpetual futures, calls them swaps

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.
- CME CEO Terrence Duffy says the exchange operator will sue CFTC over perpetual futures CNBC
- CME to sue commodities regulator over perpetual futures, CEO Duffy tells CNBC Reuters
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- CME chief executive says company plans to sue CFTC after perpetual futures approval CoinDesk
- CME Group to sue CFTC over approval of perpetual futures, CEO tells CNBC The Block
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