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CME Group to Sue CFTC Over Perpetual Futures Approval, CEO Terry Duffy Confirms

On Dec. 11, CME Group CEO Terry Duffy announced during a CNBC interview that the exchange operator is preparing a lawsuit against the U.S. Commodity Futures Trading Commission (CFTC). The legal action centers on the regulator's recent approval of perpetual futures contracts, a product traditionally prevalent in the unregulated cryptocurrency space. Duffy expressed concerns that allowing such products within the regulated U.S. framework could undermine existing market structures and risk management standards. This move marks a significant escalation in the tension between the world’s largest derivatives exchange and its primary regulator. According to the CNBC report, CME Group argues that the CFTC's decision lacks sufficient statutory basis and could lead to market instability. The lawsuit aims to challenge the regulatory precedent set by this approval.
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