CFTC Seeks Dismissal of CME Lawsuit Over Crypto Perpetual Futures
Source Summary
The CFTC has asked a judge to dismiss CME's lawsuit, characterizing the dispute as insignificant. The regulator notes that its order permits any designated contract market, including CME, to list crypto perpetual futures products.
Why it matters
The CFTC's dismissal request directly challenges the legal basis of CME's challenge to the regulator's authority over crypto derivatives markets.
