Regulation1 source
CFTC gets into legal clash over stock perps after having cleared path for crypto version
Headline from CoinDesk
Key points
- A financial industry group backed by Citadel Securities and other major firms has filed a lawsuit against the United States Commodity Futures Trading Commission.
- The legal action targets the derivatives regulator for creating a pathway to approve perpetual futures contracts on stocks, with the plaintiffs arguing these products fall strictly under the Securities and Exchange Commission's jurisdiction.
Summarized automatically by Kryptokite from reporting by CoinDesk. Read the original sources for full detail.
Sources
- CoinDeskCFTC gets into legal clash over stock perps after having cleared path for crypto version · 2 hours agoRead on CoinDesk
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