CFTC Seeks Dismissal of CME Crypto Futures Lawsuit Over Regulatory Jurisdiction

The Commodity Futures Trading Commission (CFTC) has filed a motion to dismiss a lawsuit brought by the Chicago Mercantile Exchange (CME) over crypto perpetual futures. The CFTC asserts that the exchange lacks standing to challenge agency authority on derivatives oversight.

In its motion, the CFTC argues that it has regulatory jurisdiction over derivatives, including crypto perpetual futures. This is part of an ongoing battle between the two entities regarding oversight and regulation.

The CME had filed a lawsuit against the CFTC in relation to its oversight of crypto perpetual futures. However, the CFTC's motion seeks to have the case dismissed on grounds that the exchange lacks standing.