CME Plans CFTC Lawsuit Over Bitcoin Perpetual Futures Approval

CME Group plans to sue the CFTC over its approval of Bitcoin perpetual futures, which can carry up to 50-to-1 leverage. Outgoing CME CEO Terrence Duffy said perpetual futures should be treated as swaps under the Dodd-Frank Act. The lawsuit targets the CFTC’s late May approval allowing Kalshi to offer the first U.S. Bitcoin perpetual futures.
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