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● TRACKER Updated 19d ago · 37 sources tracked

CME CEO Terrence Duffy says the exchange operator will sue CFTC over perpetual futures

CME Group has launched a federal lawsuit against the CFTC and Chair Michael Selig. The exchange operator argues that bitcoin perpetual futures approved for Kalshi in late May should be classified as swaps under Dodd-Frank. The legal action challenges the regulator's current derivative classification.

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What changed

Outgoing CEO Terry Duffy confirmed the exchange would file the suit on Thursday.

Live updates

  1. CME Group Sues CFTC Over Bitcoin Perpetual Futures Classification

    CME Group has launched a federal lawsuit against the CFTC and Chair Michael Selig. The exchange operator argues that bitcoin perpetual futures approved for Kalshi in late May should be classified as swaps under Dodd-Frank. The legal action challenges the regulator's current derivative classification.

    What's confirmed:

    • CME Group filed a federal lawsuit against the CFTC and Chair Michael Selig.
    • The lawsuit challenges the CFTC's late-May approval of bitcoin perpetual futures for Kalshi.
    • CME argues these products are swaps under Dodd-Frank rather than futures.

    Still unconfirmed:

    • Outgoing CME chief Terry Duffy stated the exchange would file suit on Thursday.
    Sources used for this update (6)
    1. CME Group Challenges CFTC Over Bitcoin Perpetual Futures in Regulatory ...
    2. Crypto Regulation News | Cryptowisser
    3. CME Group (CME) Stock Price & Overview
    4. Perpetual futures are coming soon - brewmarkets.com
    5. John Lothian Newsletter | John Lothian News
    6. CME to Sue CFTC Over Bitcoin Perpetual Futures Approval: CEO
    confidence 90%

  2. CME Group Sues CFTC Over Bitcoin Perpetual Futures Approval

    CME Group has filed a federal lawsuit against the CFTC and Chair Michael Selig. The legal action challenges the regulator's late-May approval of bitcoin perpetual futures for Kalshi. CME argues these products should be regulated as swaps rather than futures.

    What's confirmed:

    • CME Group filed a federal lawsuit against the CFTC and Chair Michael Selig.
    • The lawsuit targets the CFTC's late-May approval of bitcoin perpetual futures for Kalshi.
    • CEO Terrence Duffy announced the move on CNBC's Fast Money.
    Sources used for this update (2)
    1. CME Move To Sue CFTC Over Crypto Perpetual Futures: Here’s Why
    2. CME Sues CFTC Over Perpetual Futures as Kalshi Perps Volume Surges
    confidence 100%

  3. CME Group Sues CFTC Over Kalshi Bitcoin Perpetual Futures Approval

    CME Group has filed a lawsuit against the CFTC regarding the approval of Bitcoin perpetual futures for Kalshi. The exchange operator argues these products are swaps under the Dodd-Frank Act. The legal action follows a review by CEO Terrence Duffy of laws and processes.

    What's confirmed:

    • CME Group sued the CFTC over the approval of Bitcoin perpetual futures for Kalshi.
    • CME Group argues that Kalshi's perpetual futures are swaps under the Dodd-Frank Act.
    • CEO Terrence Duffy stated the lawsuit followed an eight-month review of laws and processes.

    Still unconfirmed:

    • The CFTC approved Kalshi's Bitcoin perpetual futures on May 29 in a single day without addressing over 150 comments.
    • CME Group filed the suit on June 18, 2026, and challenged approvals for both Kalshi and Coinbase.
    • An injunction could stop the trading of perpetual futures in the U.S.
    Sources used for this update (7)
    1. CME CEO Terrence Duffy says the exchange operator will sue CFTC over ...
    2. CME Sues CFTC Over Kalshi Perpetual Futures Approval
    3. CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash ...
    4. CME Group Sues CFTC Over Kalshi Perpetual Futures | De Silva Law Offices
    5. CME Sues CFTC Over Bitcoin Perpetual Futures Approval
    6. CME lawsuit challenges whether Kalshi's Bitcoin leverage push can ...
    7. Perpetual Contracts Update: CME Takes CFTC to Court
    confidence 80%

  4. CME Group Sues CFTC Over Perpetual Futures Approval

    CME Group filed a lawsuit against the CFTC on Thursday. The company challenges the agency's approval of Kalshi's first U.S. perpetual futures product. CEO Terrence Duffy stated the lawsuit followed an eight-month review of relevant laws and processes.

    What's confirmed:

    • CME Group sued the CFTC on Thursday regarding the approval of Kalshi's first U.S. perpetual futures product.
    • CEO Terrence Duffy spent eight months reviewing laws and the approval process before initiating the suit.

    Still unconfirmed:

    • Terrence Duffy will step down as CEO on March 1, 2027.
    Sources used for this update (3)
    1. CME CEO Terrence Duffy says the exchange operator will sue CFTC over ...
    2. CME Group Will Sue CFTC Over Timeless Bitcoin Futures Markets
    3. Are perps swaps? A quick look at that CME suit: State of Crypto
    confidence 100%

  5. CME Group to Sue CFTC Over Perpetual Futures Approval

    CME Group is filing a lawsuit against the Commodity Futures Trading Commission regarding the approval of perpetual futures. CEO Terrence Duffy argues that products like those from Kalshi do not meet the Dodd-Frank Act definition of a swap. The legal action specifically targets the approval of bitcoin perpetual futures.

    What's confirmed:

    • CME Group is suing the Commodity Futures Trading Commission over the approval of perpetual futures.
    • CEO Terrence Duffy stated the exchange operator will sue the CFTC.
    • The lawsuit involves the approval of bitcoin perpetual futures.
    • Terrence Duffy told CNBC that the exchange operator will sue the regulator.
    • The SEC and CFTC are requesting public comments to clarify the definition of swaps.

    Still unconfirmed:

    • CME is suing to stop Coinbase from offering perpetual futures.
    • The lawsuit is intended to block Kalshi from offering bitcoin perpetual futures.
    Sources used for this update (27)
    1. CME CEO Terrence Duffy says the exchange operator will sue CFTC over perpetual futures
    2. CME to sue commodities regulator over perpetual futures, CEO Duffy tells CNBC
    3. #cmesuescftcoverbtcperpfuturesapproval Community Insights & Market Sentiment | Binance Square
    4. CME chief executive says company plans to sue CFTC after perpetual futures approval
    5. CME Group to sue CFTC over approval of perpetual futures, CEO tells CNBC
    6. Breaking: CFTC’s Mike Selig Confirms More Crypto Products as CME Plans to Sue Regulator
    7. CME to Sue CFTC Over Bitcoin Perpetual Futures Approval, Calls It a “Disaster Waiting to Happen”
    8. CME sues CFTC as battle over perpetual futures heats up
    9. CME Sues CFTC Over Approval of Crypto-Linked Perpetual Contracts
    10. CME Sues U.S. Regulator to Stop Kalshi From Offering Popular ‘Perp’ Futures
    11. CME Sues CFTC as Battle Over Perpetual Futures Trading Heats Up
    12. CME Group to Sue CFTC Over Bitcoin Perpetual Futures Approval in Clash Over Dodd-Frank Classification
    confidence 95%