CFTC Rejects CME's Legal Argument on Perpetual Futures

• The CFTC has rejected CME's legal argument regarding perpetual futures.
• This decision could significantly impact the future of perpetual futures in the U.S.
• CME had argued that the new policy was harming its operations.
• The CFTC approved CME's first bitcoin perpetual future, marking a key development.
• Terry Duffy, a veteran in finance regulation, has witnessed substantial changes in the industry over his career.