Regulation· ★★★★· neutral·

CME Fights CFTC Bid to Dismiss Crypto Perpetuals Lawsuit

  • —CFTC moved to dismiss CME's suit on Sept. 2, arguing no concrete competitive injury
  • —CME filed its opposition on Oct. 2, disputing the agency's standing analysis
  • —The dispute concerns the CFTC's May 29 approval of Kalshi's Bitcoin perpetual futures
  • —Judge Colleen Kollar-Kotelly earlier rejected the CFTC's bid to withhold the administrative record
Why it matters: The ruling will determine whether the CFTC can regulate crypto perpetual futures as swaps, affecting the entire U.S. derivatives market.
#BTC
Source: The Coin Republic
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