CFTC Asks Judge to Dismiss CME Lawsuit Over Crypto Perpetual Futures

The CFTC has filed a motion asking a judge to dismiss CME Group's lawsuit challenging the agency's actions related to crypto perpetual futures. The agency argues the suit lacks merit and that its enforcement and oversight of crypto derivatives fall within its statutory authority. If the dismissal is granted, it would reinforce CFTC regulatory control over Bitcoin derivative markets, likely preserving current oversight and shaping how exchanges and institutions offer perpetual-futures products.