#CFTCRebutsCMELegalStanceInPerpetualFuturesFight
โ๏ธ CFTC to Court: CME Can't Show a Dollar of Harm From Perps
๐ May: the CFTC approved Kalshi's bitcoin perp, the first true US perpetual, as a futures contract
๐๏ธ June: CME sued, arguing perps have no expiry, so they are swaps, not futures
๐ Friday: a 31-page CFTC brief says CME lacks standing without real harm
๐ CME's own data: BTC futures rose from 259,329 contracts in May to 267,693 in September
๐ฃ๏ธ The CFTC notes CME's CEO said customers haven't asked for perps
โ ๏ธ TD Cowen's Jaret Seiberg says CME may still have the edge
What it means for crypto: the ruling decides whether US perps grow under futures rules or get pushed into the stricter swaps regime. Until then, onshore perps carry legal risk.
Futures or swaps: which side are you on? ๐
$BTC $ETH
#CryptoNews #CFTC #Perpetuals #CFTCRebutsCMELegalStanceInPerpetualFuturesFight
โ๏ธ CFTC to Court: CME Can't Show a Dollar of Harm From Perps
๐ May: the CFTC approved Kalshi's bitcoin perp, the first true US perpetual, as a futures contract
๐๏ธ June: CME sued, arguing perps have no expiry, so they are swaps, not futures
๐ Friday: a 31-page CFTC brief says CME lacks standing without real harm
๐ CME's own data: BTC futures rose from 259,329 contracts in May to 267,693 in September
๐ฃ๏ธ The CFTC notes CME's CEO said customers haven't asked for perps
โ ๏ธ TD Cowen's Jaret Seiberg says CME may still have the edge
What it means for crypto: the ruling decides whether US perps grow under futures rules or get pushed into the stricter swaps regime. Until then, onshore perps carry legal risk.
Futures or swaps: which side are you on? ๐
$BTC $ETH
#CryptoNews #CFTC #Perpetuals #CFTCRebutsCMELegalStanceInPerpetualFuturesFight