CFTC Asks Judge to Dismiss CME's Lawsuit Over Crypto Perpetual Futures as Kalshi Eyes Oil Contract
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· body · New information from a source
The Commodity Futures Trading Commission has filed a motion asking a federal judge to dismiss CME Group's lawsuit over crypto perpetual futures, according to The Block and CoinDesk.In its filing, the CFTC argued that CME lacks standing to bring its competitive-injury claims because the exchange remains free to list its own perpetual futures contracts as a designated contract market, The Block reported.The regulator called the lawsuit "much ado about nothing," according to The Block.Separately, Kalshi is reportedly preparing to seek CFTC approval for a perpetual futures contract tied to West Texas Intermediate crude oil, according to Cointelegraph.The contract would trade around the clock five days a week with no expiration date, the report said.- The CFTC filed a motion asking a judge to dismiss CME Group's lawsuit over crypto perpetual futures, according to CoinDesk and The Block.
- The regulator argued CME lacks standing to bring its competitive-injury claims because the exchange is free to list its own perpetual futures contracts as a designated contract market, according to The Block.
- Separately, Kalshi is preparing to seek CFTC approval for a WTI crude oil perpetual futures contract, according to a report cited by Cointelegraph.
- The proposed contract would trade around the clock five days a week and would carry no expiration date, Cointelegraph reported.
· summary · New information from a source
The CFTC has asked a judge to toss CME Group's lawsuit over crypto perpetual futures, arguing CME has no standing since it can list its own perp contracts.- The CFTC has asked a judge to dismiss CME Group's lawsuit over crypto perpetual futures, arguing CME can already list such contracts itself.
· headline · New information from a source
CFTC Asks Judge to Dismiss CME's Lawsuit Over Crypto Perpetual Futures- CFTC Asks Judge to Dismiss CME's Lawsuit Over Crypto Perpetual Futures as Kalshi Eyes Oil Contract
Every change made to this story after publication is recorded here automatically. A factual error gets a correction as well, on the corrections page.
The CFTC filed a motion asking a judge to dismiss CME Group’s lawsuit over crypto perpetual futures, according to CoinDesk and The Block.
The regulator argued CME lacks standing to bring its competitive-injury claims because the exchange is free to list its own perpetual futures contracts as a designated contract market, according to The Block.
Separately, Kalshi is preparing to seek CFTC approval for a WTI crude oil perpetual futures contract, according to a report cited by Cointelegraph. The proposed contract would trade around the clock five days a week and would carry no expiration date, Cointelegraph reported.
Sources: The Block, CoinDesk, Cointelegraph
This article is for information only and is not financial advice.
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Story so far 3 updates
- storyCFTC Asks Judge to Dismiss CME's Lawsuit Over Crypto Perpetual Futuresfirst reported · 3 sourcestheblock.co · coindesk.com · cointelegraph.com
- storyCFTC Asks Judge to Dismiss CME's Lawsuit Over Crypto Perpetual Futuresupdate · 3 sourcestheblock.co · coindesk.com · cointelegraph.com
- storyCFTC Asks Judge to Dismiss CME's Lawsuit Over Crypto Perpetual Futures as Kalshi Eyes Oil Contractupdate · 3 sourcestheblock.co · coindesk.com · cointelegraph.com
US Commodity Futures Trading Commission Kalshi
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