The lawsuit targets the federal regulator and Chair Michael Selig, alleging that the Commodity Futures Trading Commissioin is treating cryptocurrency “futures” as “swaps,” posing risks to derivatives markets.
CME Group has filed a lawsuit against the Commodity Futures Trading Commission (CFTC) and its Chair, Michael Selig. The suit alleges the federal regulator is improperly classifying cryptocurrency perpetual futures as "swaps." This reclassification, according to CME Group,…
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