CFTC Opens Equity Perps Trading and Gets Sued Hours Later

Key points

• The Commodity Futures Trading Commission approved trading for equity perpetual contracts using a joint regulatory framework established under a 2000 law.
• However, the agency faced a lawsuit just hours after granting the approval.
• The legal action challenges the regulator's decision, which relies on rules designed to govern assets straddling both commodity and securities oversight.

Summarized automatically by Kryptokite from reporting by CryptoPotato. Read the original sources for full detail.