ChainCatcher report: Jake Chervinsky, CEO of Hyperliquid’s Policy Center, disclosed on X that the U.S. Commodity Futures Trading Commission (CFTC) has filed a motion to dismiss CME’s lawsuit regarding crypto perpetual contracts. The motion argues that CME lacks standing, citing that CME itself can offer perpetual contracts, meaning any harm is self-inflicted. Chervinsky paraphrased the CFTC’s wording, calling the lawsuit “nothing more than an overreaction.”
U.S. CFTC Seeks to Dismiss CME's Lawsuit Over Crypto Perpetual Contracts
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Summary
Jake Chervinsky of the Hyperliquid Policy Center revealed on X that the U.S. CFTC has filed a motion to dismiss CME’s lawsuit regarding crypto perpetual contracts. The CFTC argues that CME lacks standing, noting it is permitted to offer such contracts and any harm would be self-inflicted. Chervinsky quoted the regulator describing the case as “a tempest in a teapot.” Amid ongoing concerns around CFT (Countering the Financing of Terrorism), the outcome could impact liquidity and crypto markets.
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