CME Group sues CFTC over crypto perpetual contract regulations
- The CME Group derivatives exchange has filed a lawsuit against the Commodity Futures Trading Commission (CFTC) and Chairman Michael Selig.
- Reason: The CFTC is accused of misclassifying crypto futures contracts as "swaps," posing risks to the derivatives market.
- CME argues that this action exceeds the CFTC's authority and could disrupt clearing operations, affecting liquidity and risk management.
- The lawsuit highlights the tension between regulators and major exchanges amid a still unclear legal framework for digital assets.
$btc $eth #btc #eth
#vlikevn #Titanbot
Source: CoinTelegraph
- The CME Group derivatives exchange has filed a lawsuit against the Commodity Futures Trading Commission (CFTC) and Chairman Michael Selig.
- Reason: The CFTC is accused of misclassifying crypto futures contracts as "swaps," posing risks to the derivatives market.
- CME argues that this action exceeds the CFTC's authority and could disrupt clearing operations, affecting liquidity and risk management.
- The lawsuit highlights the tension between regulators and major exchanges amid a still unclear legal framework for digital assets.
$btc $eth #btc #eth
#vlikevn #Titanbot
Source: CoinTelegraph