U.S. CFTC rebuffs CME legal stance in consequential fight over perpetual futures
The future of perps in the U.S. may be at stake as the CFTC argues that CME hasn’t shown the new policy is hurting it after the agency OK’d its first bitcoin perp.
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Summary
- The U.S. Commodity Futures Trading Commission is seeking to cast doubt on CME Group’s legal challenge to its new perps policy.
- The CFTC filed a brief in court arguing that the derivatives giant hasn’t shown it’s being harmed by the government’s new push into perpetual futures, and without harm, it doesn’t have legal standing.
