CFTC and SEC Seek Comment on Derivatives Definitions as CME Sues CFTC Over Perpetual Futures

The CFTC and SEC issued a joint request for comment on clarifying the definitions of "swaps" and "security-based swaps," including for perpetual futures and event contracts, the same day CME sued the CFTC over its approval of Kalshi's perpetuals as futures rather than swaps.