{"id":32274,"date":"2026-06-18T06:09:47","date_gmt":"2026-06-18T06:09:47","guid":{"rendered":"https:\/\/bitunikey.com\/news\/cme-to-sue-cftc-over-u-s-perpetual-futures-approval\/"},"modified":"2026-06-18T06:09:56","modified_gmt":"2026-06-18T06:09:56","slug":"cme-to-sue-cftc-over-u-s-perpetual-futures-approval","status":"publish","type":"post","link":"https:\/\/bitunikey.com\/news\/cme-to-sue-cftc-over-u-s-perpetual-futures-approval\/","title":{"rendered":"CME to sue CFTC over U.S. perpetual futures approval"},"content":{"rendered":"<p><\/p>\n<div class=\"post-detail__content blocks\">\n<p class=\"is-style-lead\">CME Group plans to sue the Commodity Futures Trading Commission over the agency\u2019s approval of perpetual futures in the United States.\u00a0<\/p>\n<div id=\"cn-block-summary-block_901a47b0878c9c69737f428cb9807384\" class=\"cn-block-summary\">\n<div class=\"cn-block-summary__nav tabs\">\n        <span class=\"tabs__item is-selected\">Summary<\/span>\n    <\/div>\n<div class=\"cn-block-summary__content\">\n<ul class=\"wp-block-list\">\n<li>CME says the CFTC approved crypto perpetual futures through the wrong legal route for markets.<\/li>\n<li>Duffy argues perps are swaps, while the CFTC approved Kalshi\u2019s BTCPERP as a futures contract.<\/li>\n<li>Kalshi and Coinbase now face a legal fight after gaining regulated access to crypto perps.<\/li>\n<\/ul><\/div>\n<\/div>\n<p><!-- .cn-block-summary --><\/p>\n<p>Outgoing CEO Terrence Duffy <a rel=\"nofollow\" target=\"_blank\" href=\"https:\/\/www.cnbc.com\/2026\/06\/17\/cme-ceo-terrence-duffy-says-the-exchange-operator-will-sue-cftc-over-perpetual-futures.html?taid=6a332d0d117eb200019d16fe&amp;utm_campaign=trueanthem&amp;utm_content=main&amp;utm_medium=social&amp;utm_source=twitter\" target=\"_blank\" rel=\"nofollow\">said<\/a> on CNBC that the exchange operator will file the case after the regulator cleared platforms such as Kalshi and Coinbase to offer regulated crypto perpetual futures.<\/p>\n<p>Duffy said CME does not accept the CFTC\u2019s treatment of the products as ordinary futures. He argued that perpetual futures should be treated as swaps under the Dodd-Frank Act.\u00a0<\/p>\n<p>He also said CME has exclusive licenses with benchmark providers, adding that related products should go through CME even if they use a perpetual structure. The claim puts CME in direct conflict with the regulator that oversees U.S. derivatives markets.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p>\n<h2 class=\"wp-block-heading\"><strong>Duffy questions CFTC process<\/strong><\/h2>\n<p>Perpetual futures, often called perps, are derivatives with no expiration date. Traders can keep positions open without rolling into a new contract. The products are common in offshore crypto markets and often allow high leverage, which can increase gains and losses.<\/p>\n<figure class=\"wp-block-embed is-type-rich is-provider-x wp-block-embed-x\">\n<div class=\"wp-block-embed__wrapper\">\n<blockquote class=\"twitter-tweet\" data-width=\"550\" data-dnt=\"true\">\n<p lang=\"en\" dir=\"ltr\">CME CEO Terrence Duffy says the exchange operator will sue CFTC over perpetual futures <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/t.co\/JV6kueS9wn\">https:\/\/t.co\/JV6kueS9wn<\/a><\/p>\n<p>\u2014 CNBC (@CNBC) <a rel=\"nofollow\" target=\"_blank\" rel=\"nofollow\" href=\"https:\/\/x.com\/CNBC\/status\/2067388343747318108?ref_src=twsrc%5Etfw\">June 17, 2026<\/a><\/p><\/blockquote>\n<\/div>\n<\/figure>\n<p>Duffy said CME had been working on its challenge with its board for months. He told CNBC, \u201cI\u2019ve never shied away from one, and I won\u2019t shy away from this.\u201d Reuters reported that a CFTC spokesperson said the agency looked forward to addressing the claims and called the planned lawsuit \u201cfrivolous.\u201d Duffy also said the CFTC moved too fast when approving a product he views as complex.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Crypto perps move onshore<\/strong><\/h2>\n<p>The dispute follows the CFTC\u2019s May 29 approval of Kalshi\u2019s BTCPERP contract, a bitcoin perpetual product listed by a designated contract market. The regulator said Kalshi must keep the contract in line with the Commodity Exchange Act and CFTC rules. It also said perpetual design may not suit every asset class and called for product review when needed.<\/p>\n<p>As crypto.news reported earlier, Kalshi won CFTC approval to launch the first U.S. Bitcoin perpetual futures contract, while Coinbase also received a regulated path for some crypto perpetual products. According to an earlier crypto.news report, Coinbase was cleared to offer U.S. access to crypto perpetual futures through a route tied to Deribit, the derivatives exchange it acquired.<\/p>\n<h2 class=\"wp-block-heading\"><strong>Exchange battle widens<\/strong><\/h2>\n<p>The case adds pressure to an already tense U.S. derivatives market. CME, Cboe and Intercontinental Exchange shares fell after the CFTC opened the door to perpetual futures, as investors weighed whether new crypto products could draw trading away from older futures markets.<\/p>\n<p>In a previous crypto.news report, Duffy called U.S. crypto perps a \u201cdisaster waiting to happen\u201d, citing leverage, automatic liquidations and funding-rate costs. crypto.news previously reported that Kalshi\u2019s perps volume topped $5.5 billion soon after launch, showing why the new market has drawn both demand and opposition.<\/p>\n<p>The outcome could shape how exchanges list future crypto derivatives, how benchmarks are used, and how much room new entrants have against large incumbent venues.<\/p>\n<p>    <!-- .cn-block-related-link --><\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>CME Group plans to sue the Commodity Futures Trading Commission over the agency\u2019s approval of perpetual futures in the United States.\u00a0 Summary CME says the CFTC approved crypto perpetual futures&hellip;<\/p>\n","protected":false},"author":1,"featured_media":30455,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-32274","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32274","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=32274"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32274\/revisions"}],"predecessor-version":[{"id":32275,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/32274\/revisions\/32275"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/30455"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=32274"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=32274"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=32274"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}