Mike Selig: CFTC enables onshore perpetual contracts, self-certification sparks innovation, and regulatory clarity is key for crypto growth | Bankless

CME Group CEO Terrence Duffy announced plans to sue the Commodity Futures Trading Commission over its decision to allow prediction-market operator Kalshi to offer bitcoin perpetual futures. Perps Should Be Classified as Swaps, Says CME Boss CME Group CEO Terrence Duffy said June 17 he plans to sue the Commodity Futures Trading Commission (CFTC) over […]

CME's legal challenge against CFTC could reshape US crypto derivatives, raising compliance costs and limiting market access for traders. The post CME threatens legal action against CFTC over product classification appeared first on Crypto Briefing.

CME, which is the largest derivatives exchange worldwide, is ready to sue the U.S. Commodities Futures Trading Commission following the regulator’s decision to approve Bitcoin perpetual futures trading on the prediction market platform Kalshi. According to the firm, the contract should not be categorized as a futures contract but as

Outgoing CME chief Terry Duffy says perpetual futures are actually swaps under Dodd-Frank, and that the exchange will file suit Thursday.

CFTC approval of Kalshi’s BTCPERP and Kraken’s June 15 U.S. perps launch sharpen the race with on-chain venues. We map where volume could shift next.

The dispute centers on whether perpetual contracts should be regulated as futures or swaps under United States law.

CME plans to sue the CFTC over U.S. approval of perpetual futures, arguing crypto perps should be treated as swaps under Dodd-Frank law.

Kentucky sues Kalshi, Polymarket, Coinbase, Robinhood and Webull over sports event contracts as prediction market cases grow nationwide.