CME Group restores CME Direct after four-hour outage rattles futures traders

CME Group has sued the CFTC in federal court, challenging the approval of competitor crypto perpetual futures contracts. The lawsuit disputes the CFTC's authority.

Jake Chervinsky has accused CME Group of using a lawsuit against U.S. crypto perpetual futures to protect its position in a market where the exchange reportedly controls about 92% of exchange-traded derivatives volume. According to Jake Chervinsky, chief executive of…

The world's largest derivatives exchange operator said Wednesday it will sue the CFTC over the agency's approval of Kalshi's bitcoin perpetual futures, arguing the contracts should be classified as swaps under the Dodd-Frank Act.

CME Group is preparing to sue the CFTC over perpetual futures approvals, escalating a fight over crypto derivatives and retail trading rules.

The world's largest derivatives exchange is taking the CFTC to court over its decision to greenlight perpetual futures in the U.S.

CME Group has filed a lawsuit against the U.S. Commodity Futures Trading Commission after the regulator approved crypto perpetual futures that have already generated more than $1 billion in trading volume. According to Bloomberg, the derivatives exchange sued the CFTC…

The lawsuit targets the federal regulator and Chair Michael Selig, alleging that the Commodity Futures Trading Commissioin is treating cryptocurrency “futures” as “swaps,” posing risks to derivatives markets.

The lawsuit could reshape US regulatory standards for derivatives, impacting market dynamics and compliance costs for crypto trading platforms. The post CME Group sues CFTC over approval of perpetual futures in the US appeared first on Crypto Briefing.