According to Hyperliquid News, the Hyperliquid Policy Center has filed an amicus brief with the U.S. Federal Court in Washington, D.C., seeking to dismiss the lawsuit filed by the Chicago Mercantile Exchange (CME) against the Commodity Futures Trading Commission (CFTC). The lawsuit concerns the CFTC’s prior approval of Kalshi’s launch of regulated cryptocurrency perpetual contracts in the United States; the CME had previously challenged this regulatory decision, while the Hyperliquid Policy Center now supports the CFTC, arguing that the court should dismiss the CME’s lawsuit.
Hyperliquid Policy Center Files Brief to Dismiss CME's Lawsuit Against the CFTC
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Summary
Hyperliquid Policy Center has filed a legal brief with a U.S. federal court in Washington, D.C., seeking to dismiss the Chicago Mercantile Exchange’s (CME) lawsuit against the CFTC. The case revolves around the CFTC’s approval of regulated crypto perpetual contracts through Kalshi. Hyperliquid supports the regulator, asserting that the CFTC’s actions are consistent with existing regulatory policy. The firm also emphasized the importance of CFT (Countering the Financing of Terrorism) compliance in its defense.
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