⚖️ The CFTC has just asked the court to dismiss CME’s lawsuit regarding the approval of Kalshi’s $BTC c perpetual bitcoin futures contract.
In a filing submitted on 2/9, the CFTC called the lawsuit “baseless,” arguing that CME failed to present a viable legal basis and also did not demonstrate actual competitive harm. The CFTC stated that “perpetual futures are futures contracts,” not swaps, as CME argued.
Why is it noteworthy?
The CFTC defends Kalshi’s product classification and accuses CME of trying to hinder innovation, rather than it being merely a straightforward legal dispute.
In simple terms:
The CFTC believes CME is just afraid of a competing rival, with no real damage at all.
#CryptoRegulation #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only and not investment advice. Do your own research before deciding (DYOR).
In a filing submitted on 2/9, the CFTC called the lawsuit “baseless,” arguing that CME failed to present a viable legal basis and also did not demonstrate actual competitive harm. The CFTC stated that “perpetual futures are futures contracts,” not swaps, as CME argued.
Why is it noteworthy?
The CFTC defends Kalshi’s product classification and accuses CME of trying to hinder innovation, rather than it being merely a straightforward legal dispute.
In simple terms:
The CFTC believes CME is just afraid of a competing rival, with no real damage at all.
#CryptoRegulation #CryptoNews
🔗 Source: Crypto Briefing
⚠️ Information is for reference only and not investment advice. Do your own research before deciding (DYOR).