Crypto Briefing
Regulatory War: CFTC Chair Slams CME’s Self-Certified 24/7 Crude Oil Futures
July 9, 2026•02:17 PM
CFTC Chairman Michael Selig has issued a scathing rebuke of CME Group, labeling their self-certified 24/7 crude oil futures contract as 'wholly inappropriate.' This aggressive stance comes just one day before the scheduled launch, creating immediate friction between the regulator and one of the world's largest exchange operators regarding market oversight.
This confrontation underscores a pivotal moment in the evolution of commodity trading and regulatory boundaries. As exchanges push for continuous liquidity through 24/7 trading models, the fallout from this dispute could fundamentally alter how self-certification is perceived and how the CFTC manages the risks associated with non-stop, high-frequency crude oil futures markets.
This is a summarized and adapted version by Artificial Intelligence. To read the complete original story, visit the official source.
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