CFTC urges court to dismiss CME's lawsuit over crypto perpetual futures

The U.S. Commodity Futures Trading Commission has asked a judge to dismiss a lawsuit filed by CME Group challenging the regulator's stance on crypto perpetual futures. The CFTC argued that the dispute amounts to little of substance, describing it as 'much ado about nothing.' The regulator clarified that its existing order already permits any designated contract market, including CME itself, to list perpetual futures products. The agency's position suggests it sees no genuine regulatory barrier preventing CME from offering such instruments. The move signals the CFTC's confidence that the legal challenge lacks sufficient grounds to proceed in court.