U.S. CFTC rebuffs CME legal stance in consequential fight over perpetual futures

Crypto Insight Summary: The future of perps in the U.S. may be at stake as the CFTC argues that CME hasn't shown the new policy is hurting it after the agency OK'd its first bitcoin perp. Crypto Insight Analysis: Direction: Bearish BTC Impact: Minor Impact Horizon: Short-term (1-3 days) Reasoning: Regulatory uncertainty over perps may deter traders from BTC futures.