CFTC requests dismissal of CME Group lawsuit regarding US perpetual futures
CME CME Group Inc
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View chart & analysis → - 1The CFTC requested a federal judge to dismiss the lawsuit, stating that CME Group failed to prove it suffered actual damages from the policy.
- 2CME Group filed a lawsuit seeking to overturn the CFTC's June decision to approve Kalshi's Bitcoin perpetuals as futures.
- 3Kalshi launched the first US equity index perpetual futures on October 6.
So what's the key point?
CME Group filed a lawsuit due to dissatisfaction with the Bitcoin futures approval decision, but the CFTC has requested to end the lawsuit by stating that no damages were proven. If this request is accepted, CME Group's lawsuit will lose its momentum.
Source Bankless · View original ↗
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