CME Group Sues CFTC Over Competitor Crypto Perpetual Futures Approval
CME Group, the world’s largest traditional futures exchange, has filed a federal lawsuit against the Commodity Futures Trading Commission (CFTC), as detailed in the official announcement. This legal action challenges the CFTC’s recent approval of competitor crypto perpetual futures contracts, arguing the regulator overstepped its statutory authority under the Commodity Exchange Act. CME Group, a…
Dogecoin Drama Ends: Investors Drop Elon Musk Lawsuit Appeal
A lawsuit claiming that Tesla’s Elon Musk rigged Dogecoin to benefit his company has ended. According to reports, investors who initially claimed that Musk manipulated Dogecoin’s price have withdrawn their complaint. Also, the group is withdrawing its bid to sanction Musk’s lawyers for supposedly interfering with the appeal, including canceling a request to cover their…
XRP Takes A 16% Hit In SEC Lawsuit Drama, But Analysts See Hope
With about 16% of its value lost in October 2024 alone, XRP, the native coin of Ripple, has been under heavy assault this month. The US Securities and Exchange Commission’s (SEC) fresh appeal in its continuous action against Ripple is driving the price drop. Investors are left wondering about XRP’s future as the legal question…