CoinDesk·3 min read·hard
CME's Duffy warns an overlooked tax risk looms over U.S. perpetual futures
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Aoyon Ashraf
✦AI Summary
CME Group Chairman and CEO Terry Duffy warns that U.S. approval of perpetual futures contracts could expose traders to unexpected tax and regulatory uncertainty if these products are ultimately classified as swaps rather than futures. This overlooked risk stems from the contracts' periodic funding payments.
U.S. approval of perpetual futures contracts could expose traders to unexpected tax and regulatory uncertainty if the products are ultimately determined to be swaps rather than futures, an issue that has received little public attention, according to CME Group Chairman and CEO Terry Duffy.
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