Cboe-backed group sues CFTC to block single-stock perpetuals as futures

A Cboe-backed group, the Commodity Markets Council, sued the CFTC to block single-stock perpetual contracts as futures, targeting approvals for Coinbase, Kalshi and Bitnomial. CMA argues they are swaps under exclusive SEC oversight; the CFTC calls them security futures.

Detected & updated continuously · Source: Nebula