Are Perps Swaps? A Quick Look at that CME Suit: State of Crypto

Are perps swaps? A quick look at that CME suit: State of Crypto

CME Group sued the CFTC on Thursday, alleging that the agency was wrong in how it approved Kalshi's first U.S. perpetual futures product.

CME Group Sues CFTC Over Competitor Crypto Perpetual Futures Approval

CME Group, the world’s largest traditional futures exchange, has filed a federal lawsuit against the Commodity Futures Trading Commission (CFTC), as detailed in the official announcement. This legal action challenges the CFTC’s recent approval of competitor crypto perpetual futures contracts, arguing the regulator overstepped its statutory authority under the Commodity Exchange Act. CME Group, a giant in traditional finance, is suing the CFTC i…

CME Derivatives Monopoly Lawsuit Branded an 'Unforced Error' by Hyperliquid

The CME derivatives monopoly lawsuit filed against the Commodity Futures Trading Commission (CFTC) on 18 June 2026 has drawn an unusually blunt counterattack from the crypto side of the derivatives market. Jake Chervinsky, chief executive of the Hyperliquid Policy Center, called the move a ‘shocking miscalculation’ and ‘an unforced error,’ arguing that CME Group had exposed itself as ‘a petty incumbent monopolist afraid of competition.’ The laws…