Digital Euro Clears Key Parliament Hurdle As Europe Pushes CBDC Plan Forward
TL;DR The European Central Bank’s digital euro project secured key parliamentary backing on Tuesday. The vote moves Europe in the opposite direction from US lawmakers who are pushing to restrict a Fed-issued CBDC. The bill still faces debate, but the direction of travel is clear: Europe wants a state-backed digital payment option. Europe Moves Its…
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…