News Explorer — CME Group to Challenge CFTC's Approval of Crypto Perps Classification

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Jun 18, 11:20 am

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CME Group to Challenge CFTC's Approval of Crypto Perps Classification

CME Group plans to sue the Commodity Futures Trading Commission over its approval of crypto perpetual futures, arguing they should be classified as swaps under the Dodd-Frank Act. Outgoing CEO Terry Duffy criticized the CFTC for clearing the novel instrument quickly, expressing concerns about risks in the market.

CME Group plans to sue the Commodity Futures Trading Commission over its approval of crypto perpetual futures, arguing they should be classified as swaps under the Dodd-Frank Act. Outgoing CEO Terry Duffy criticized the CFTC for clearing the novel instrument quickly, expressing concerns about risks in the market.

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