CME to Sue CFTC Over Bitcoin Perpetual Futures Approval: CEO

Outgoing CME chief Terry Duffy announced that the exchange will file a lawsuit this Thursday against the CFTC. The legal action centers on the classification of Bitcoin perpetual futures, which CME asserts are actually swaps under the Dodd-Frank Act. This challenge against the CFTC could potentially reshape US crypto derivatives, although it may also increase compliance costs and limit market access for various traders within the digital asset ecosystem.