CFTC Seeks Dismissal of CME Crypto Perpetual Futures Lawsuit
The CFTC has filed a motion to dismiss the CME's challenge to its oversight of cryptocurrency perpetual futures contracts.
The Commodity Futures Trading Commission formally requested that a federal judge dismiss the lawsuit filed by the Chicago Mercantile Exchange concerning oversight of cryptocurrency perpetual futures contracts.
What remains unknown
The filing states the regulator's position that the contracts are subject to its authority. No further details on the claims or arguments were provided in the request.
The court has not set a timeline for a decision on the motion, and the underlying claims in the original suit have not been disclosed.