CryptoNeutralBankless · 3h ago7/10
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Why CME Is Really Suing the CFTC Over Perps
CME is suing the CFTC not to ban Kalshi's Bitcoin perpetual futures, but to reclassify them as swaps rather than futures contracts. This regulatory distinction reveals a strategic battle over jurisdiction and how crypto derivatives should be categorized, with major implications for which regulator controls the market.
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