CME and CFTC are competing for regulatory authority over on-chain perpetual contracts
CME wants to preserve the traditional futures regulatory framework
CFTC wants to regulate crypto derivatives in a more flexible way

Behind the fight for regulatory power are huge market interests
Perpetual contracts account for more than 70% of crypto trading volume
Whoever controls perpetual contracts controls the core of crypto trading

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#CME #CFTC #Perpetual Regulatory