Dodd-Frank

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Illustration of CME suing CFTC over perpetual futures in a courtroom setting.
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CME plans to sue CFTC over perpetual futures approval

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Outgoing CME chief executive Terrence Duffy said the company will file a lawsuit against the CFTC after the regulator approved perpetual futures products earlier this month. Duffy argued that the products do not qualify as futures under the Dodd-Frank Act. The CFTC responded by calling the planned action frivolous.

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