CFTC gets into legal clash over stock perps after having cleared path for crypto version
Summary
A financial industry coalition backed by Citadel Securities filed a lawsuit against the United States derivatives regulator. The legal challenge targets the agency's decision to permit specific perpetual contracts that the plaintiffs argue fall under the regulatory authority of the securities commission instead.
A group backed by Citadel Securities and other firms sued the U.S. derivatives regulator for opening a path for perps that it argued belong in the SEC's hands.
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