由芝加哥商品交易所集团和芝加哥期权交易所全球市场公司以及Citadel Securities领衔的美国传统金融交易所，已就商品期货交易委员会批准永续期货一事发起法律挑战。
Wall Street Exchanges Challenge CFTC in Court Over Approval of Perpetual Futures Traditional US financial exchanges, led by CME Group and Cboe Global Markets alongside Citadel Securities, have mounted legal challenges against the Commodity Futures Trading Commission over its approval of perpetual futures.
在监管机构5月批准加密货币永续合约、随后又批准单一股票合约后，现有交易所辩称，根据《多德-弗兰克法案》，这些产品被错误地归类为期货而非掉期。现有交易所高管警告称，这些全天候交易、高杠杆、面向散户的工具带来了重大的系统性和流动性风险，而金融科技公司和CFTC则主张，国内监管对于防止交易继续流向境外是必要的。
Following the regulator's May approval of crypto perpetuals and subsequent greenlighting of single-stock contracts, incumbent exchanges argue the products are misclassified as futures rather than swaps under the Dodd-Frank Act. Incumbent executives caution that these 24/7, highly leveraged retail-focused instruments present significant systemic and liquidity risks, while fintech firms and the CFTC contend that domestic oversight is necessary to prevent trading from remaining offshore.