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Cboe and Citadel-backed group sues CFTC to block US stock perpetual futures
A group backed by Cboe and Citadel Securities has filed a lawsuit against the CFTC seeking to block perpetual futures on U.S. stocks. The filing was made the same day the approval for the products was announced. The plaintiffs argue that the contracts are security‑based swaps and therefore fall under the jurisdiction of the SEC. The lawsuit was submitted as a court filing.