CME CEO Terrence Duffy says the exchange operator will sue CFTC over perpetual futures
Outgoing CME CEO Terrence Duffy said that the exchange operator will sue the CFTC over the agency’s decision to approve perpetual futures.
TL;DR
- CME Group CEO Terrence Duffy announced the exchange operator will sue the CFTC over the approval of perpetual futures.
- Duffy asserts that perpetual futures are swaps under the Dodd-Frank Act.
- CME believes these products should go through them due to exclusive benchmark licenses.
- The CFTC approved Kalshi to offer bitcoin perpetual futures, allowing them in the U.S. for the first time.
- CFTC chair Michael Selig defended the approval, stating it's time for regulated futures contracts without expiration dates.