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CME Group CEO is very concerned about U.S. regulatory approval of crypto perpetual contracts.

MarsBitNews
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Mars Finance News, Chicago Mercantile Exchange Group CEO Terry Duffy expressed his serious concerns about the recent approval of perpetual contracts by U.S. regulators. Terry Duffy stated that perpetual contracts have little practical use for institutional investors but expose retail investors to excessive risk. He completely disagreed with the CFTC's decision to approve the first batch of crypto perpetual contracts after a quick review and said he has called the CFTC Chairman to express his concerns. Terry Duffy warned that perpetual contracts and prediction markets are fueling a retail speculative frenzy, which could lead to an impending disaster. The first batch of perpetual contracts approved by the CFTC is listed by Kalshi, and several U.S. exchanges are also discussing launching their own perpetual contracts.
KALSHI-6.04%
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