CFTC argued to the court that CME failed to prove that it was harmed by the perpetual-contract regulatory policy and therefore lacks standing to sue. The dispute remains focused on whether perpetual contracts should be regulated as futures or swaps.
Crypto.com's exchange and Novig October 16 sued state officials in Missouri federal court, seeking to block the state from enforcing its sports betting laws. Four other companies that received cease-and-desist orders have not yet followed with lawsuits.
