Same-Day Lawsuit Against Crypto Model in the US: Financial Giants Want to Stop the Stock Decision
Original headlineABD’de Kripto Modeline Aynı Gün Dava: Finans Devleri Hisse Kararını Durdurmak İstiyor
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The Capital Markets Alliance, whose members include Cboe and Citadel Securities, sued the CFTC to vacate its policy extending crypto-style perpetual futures to equities, filing the challenge the same day the policy took effect. The dispute centers on the agency's approval of perpetual contracts on stocks, a structure long used in crypto but new to U.S. equity markets. The alliance argues the CFTC overstepped its authority and wants the decision halted before venues list the products. The case matters because it tests how quickly crypto-derived derivatives can migrate into traditional equities, pitting exchange and market-maker incumbents against the regulator. What to watch next is whether the court grants a stay that pauses listings while the lawsuit proceeds, and how the CFTC defends its jurisdiction over the contracts.
Muhabbit's AI wrote this summary in its own words from Koinbülteni's report and translated it from Turkish. It can get details wrong, so check the source.
Named in this story
Capital Markets Alliance, CFTC, Cboe, Citadel Securities, CoinDesk