CFTC cites CME data to argue against challenge to perpetual futures
Photo: Crypto Briefing
The regulator is using CME's own trading volumes and executive statements to dismantle the exchange's case for standing in a lawsuit over Kalshi's Bitcoin perpetual futures. The Commodity Futures Trading Commission has found an unusual weapon in its legal fight against CME Group: CME’s own numbers. In court filings defending its approval of Kalshi’s Bitcoin perpetual futures contract, the CFTC is pointing to CME’s trading data and statements from its own executives to argue that the exchange hasn’t actually been hurt by the new product.
Source: Crypto Briefing
