Cboe and Citadel backed group sues CFTC over US stock perpetual futures approval

A coalition backed by Cboe and Citadel has sued the CFTC over its approval of US stock perpetual futures. The dispute centers on regulatory oversight of the novel derivatives, which track equities without expiry. The lawsuit signals growing tension between traditional exchange operators and the federal regulator. It matters because the outcome could shape how perpetual-style products reach US investors. Watch for court scheduling and any CFTC response that clarifies the approval's legal footing.