CME CEO Terrence Duffy says the exchange operator will sue CFTC over perpetual futures
CME is taking legal action against the CFTC over the approval of perpetual futures contracts for competitors.
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📍 How it ended
CME sued the CFTC over the approval of perpetual futures and the ability of Kalshi and Coinbase to offer these products. In response, the CFTC and SEC requested public comment to clarify the definition of swaps.
The story quieted without a definitive conclusion in the coverage.
Epilogue added 5d ago, after coverage quieted.
The brief
CME and CEO Terrence Duffy have initiated a lawsuit against the CFTC. The exchange operator is challenging the regulator's decision to allow companies such as Kalshi and Coinbase to offer perpetual futures contracts.
Coverage from the Wall Street Journal, Financial Times, Bloomberg, and Reuters emphasizes a heating battle over crypto contract approvals. Concurrently, the CFTC and SEC have requested public comments to clarify the definition of 'swaps' amid the litigation, according to The Block.
Future developments center on the legal outcome of the suit and the regulatory definitions resulting from the CFTC and SEC's request for public comment.
Synthesized by Archynetys from the headlines below under a strict no-invention contract. ✓ fact-checked: all claims supported by sources Updated 21d ago.
Quick answers
Who is CME suing?
CME is suing the Commodity Futures Trading Commission (CFTC).
What is the core of the dispute?
The lawsuit concerns the regulator's approval of perpetual futures contracts for other entities, including Coinbase and Kalshi.
How are other regulators responding?
The SEC and CFTC are seeking public comment to clarify the definition of 'swaps'.
Coverage (10)
- CME Sues U.S. Regulator to Stop Kalshi From Offering Popular ‘Perp’ Futures WSJ · 25d ago
- CFTC, SEC request public comment to clarify definition of 'swaps' amid CME lawsuit The Block · 25d ago
- CME sues US derivatives regulator over crypto contract approval Financial Times · 25d ago
- CME Sues CFTC as Battle Over Perpetual Futures Trading Heats Up Bloomberg.com · 25d ago
- CME sues US CFTC over letting Kalshi, Coinbase offer perpetual futures Reuters · 25d ago
- Breaking: CFTC’s Mike Selig Confirms More Crypto Products as CME Plans to Sue Regulator Yahoo Finance · 25d ago
- CME chief executive says company plans to sue CFTC after perpetual futures approval CoinDesk · 25d ago
- #cmesuescftcoverbtcperpfuturesapproval Community Insights & Market Sentiment Binance · 25d ago
- CME to sue commodities regulator over perpetual futures, CEO Duffy tells CNBC Reuters · 25d ago
- CME CEO Terrence Duffy says the exchange operator will sue CFTC over perpetual futures CNBC · 25d ago
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