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The CFTC asked the court to throw out CME's suit challenging how crypto perpetual futures are classified, arguing the exchange lacks standing rather than defending the classification on the merits. A dismissal would leave regulated perps trading under the current framework, keeping the door open for US-listed perpetual products that compete directly with offshore venues for BTC and ETH derivatives volume and funding-driven liquidity. Watch whether the court rules on standing alone, since an unresolved legal definition keeps a structural overhang on CME and Coinbase derivatives roadmaps and on where leveraged crypto flow is booked.
As a Policy signal, watch whether it changes price action, volatility, or flows around CME, BTC, ETH.
Original Source: CoinPost
This page is market information analysis, not investment advice.
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