Top futures exchange sues regulator over crypto product

The CFTC is effectively breaking the law by misclassifying Bitcoin perpetuals as futures. These products are legally swaps under the Dodd-Frank Act, and by ignoring this, the regulator is bypassing the very safeguards meant to prevent a 2008-style collapse. This isn't just a procedural error; it’s a blatant misrepresentation of facts to favor crypto platforms. Is the CFTC now a bigger threat to the financial system than the risks it’s supposed to regulate? Do you agree?
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