CME chief executive says company plans to sue CFTC after perpetual futures approval (opens original article in a new tab)

CME CEO says company will sue CFTC over approval of perpetual futures products, claiming they violate Dodd-Frank Act requirements and that the agency misrepresents rules.

• CME CEO Terrence Duffy announced plans to sue CFTC over approval of Kalshi's perpetual futures
• Duffy claims CFTC's approval violates Dodd-Frank Act requirements for swaps and futures
• Duffy criticized CFTC for misrepresenting rules regarding 24/7 trading