CFTC Seeks to Dismiss CME Motion in Perpetual Futures Lawsuit

The U.S. Commodity Futures Trading Commission filed a motion asking the court to dismiss CME's motion in the perpetual futures lawsuit. According to Odaily, the filing argues that CME lacks standing because it could also launch perpetual futures contracts and that any alleged harm was self-inflicted. CME had previously planned to sue the CFTC over the agency's approval for Kalshi to offer Bitcoin perpetual futures contracts.