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The Chicago Mercantile Exchange (CME) is preparing legal action against the Commodity Futures Trading Commission (CFTC) over the regulatory approval of bitcoin perpetual futures, according to a statement from the exchange’s CEO. The lawsuit represents an escalation in tensions between major financial institutions and U.S. regulators over how cryptocurrency derivatives should be governed and approved….
The U.S. Commodity Futures Trading Commission has taken a major step toward formalizing oversight of prediction markets by issuing its first notice of proposed rulemaking on Wednesday. The proposal outlines a framework for how the agency will evaluate whether prediction market contracts serve the public interest, marking a significant milestone for an industry that has…
Former U.S. Representative George Santos has been referred to both the Department of Justice and the Commodity Futures Trading Commission over trades he made on Kalshi, a crypto-based prediction market platform, according to a new report. The referral centers on trades Santos allegedly placed related to the State of the Union address, raising fresh questions…
The U.S. Securities and Exchange Commission and the Commodity Futures Trading Commission are pursuing a formal memorandum of understanding to combine their regulatory efforts on cryptocurrency, SEC Chairman Paul Atkins announced Tuesday. Atkins said the new MOU will establish combined meetings with regulated firms on product applications, rule interpretations, enforcement decisions and examinations. The framework…
CFTC Chair Says U.S. Perpetual Futures Are Coming Within the Next Month The U.S. is about to legalize perpetual futures. CFTC Chairman Mike Selig announced that his agency is working toward bringing regulated perpetual futures to American traders within the next month or so, marking a dramatic reversal from the prior administration’s de facto ban…
