CFTC Pushes Back on CME's Legal Position in Dispute Over Perpetual Futures

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The U.S. Commodity Futures Trading Commission has rejected arguments put forward by CME in a high-stakes dispute over perpetual futures contracts. The outcome could determine the future of such products in the United States. The regulator contends that CME has not demonstrated that a new policy is causing it harm. The dispute arises after the CFTC approved CME's first bitcoin perpetual futures product.

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