CFTC Says CME Has Shown No Financial Harm From Perpetual Futures Policy

The CFTC says CME has failed to show financial harm from its approach to perpetual futures, a central issue in the exchange’s challenge to U.S. crypto derivatives policy. In its latest court filing, the regulator argues that CME has identified neither an actual loss nor an imminent one tied to the policy. The CFTC also says CME’s cryptocurrency futures trading volume has increased since the change, disputing the exchange’s claim that the policy threatens its business. CME challenges the CFTC’s decision to regulate perpetual contracts as futures.

Source: TokenPost