CME Group to Sue CFTC Over Approval of Bitcoin Perpetual Futures
CME Group, the largest derivatives exchange operator in the U.S., announced plans to sue the Commodity Futures Trading Commission (CFTC) over its approval of regulated bitcoin perpetual futures by prediction-market platform Kalshi. The lawsuit argues that these products should be classified as swaps under Dodd-Frank regulations rather than futures and were fast-tracked without proper review, potentially undermining CME’s exclusive licensing agreements with major benchmark providers.
Tickers: $CME
Topics: CFTC CME Group crypto regulation Dodd-Frank Act perpetual futures