CFTC Approval of Perpetual Futures Triggers Selloff in Exchange Stocks and Sparks Lawsuit
The CFTC approved perpetual futures contracts, triggering a selloff in U.S. exchange operator shares and spurring at least one high-profile lawsuit [1].
INSUFFICIENT_FACTS: What number matters? (no dollar amounts, share counts, percentages, or leverage ratios provided), What changed versus prior expectations? (no prior CFTC guidance, consensus forecast, or exchange share price baseline given), What should readers watch next? (no effective date, hearing date, lawsuit deadline, or earnings catalyst specified)
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