CoinScoopCFTC Files Motion to Dismiss CME Lawsuit Over Crypto Perpetual Futures
The U.S. Commodity Futures Trading Commission (CFTC) has filed a motion to dismiss a lawsuit brought by CME regarding crypto perpetual futures. According to Jake Chervinsky, CEO of the Hyperliquid Policy Center, the CFTC argues that CME lacks standing to sue, asserting that CME could offer perpetual futures itself and that any alleged harm is self-inflicted. The CFTC characterized the lawsuit as a 'tempest in a teapot.'
Summaries are written by AI from the original article. Not investment advice.