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CME is suing the CFTC! The battle over Bitcoin perpetual contracts has begun.
CME Group has announced that it will be taking legal action against the CFTC for approving Bitcoin perpetual contracts (BTCPERP) on Kalshi. CME CEO Terry Duffy believes that these perpetual contracts, which have no expiration date, should legally be classified as 'swaps' rather than futures, essentially challenging the entire regulatory framework. The CFTC fired back, stating that the lawsuit is meaningless. In short, it's traditional finance giants vs regulators; whoever wins will define the future of crypto perpetual contracts in the U.S. Stay tuned for further developments!
#BTC #CME #CFTK #Kalshi #crypto derivatives
CME Group has announced that it will be taking legal action against the CFTC for approving Bitcoin perpetual contracts (BTCPERP) on Kalshi. CME CEO Terry Duffy believes that these perpetual contracts, which have no expiration date, should legally be classified as 'swaps' rather than futures, essentially challenging the entire regulatory framework. The CFTC fired back, stating that the lawsuit is meaningless. In short, it's traditional finance giants vs regulators; whoever wins will define the future of crypto perpetual contracts in the U.S. Stay tuned for further developments!
#BTC #CME #CFTK #Kalshi #crypto derivatives
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