CFTC asked a federal court to dismiss CME’s lawsuit challenging regulated cryptocurrency perpetual futures classification.Regulator argues CME lacks standing because it can list comparable perpetual contracts on its exchange.CME says Kalshi’s Bitcoin perpetual should be regulated as a swap, rather than traditional futures.CFTC argues reclassification would not prevent rival venues from offering economically similar products to traders.CME must respond by October 2 before the court considers dismissal and the underlying claims.