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Trump Says CFTC Is Working To Bring Hyperliquid Into The U.S 🇺🇸 #CFTC Key Takeaways: CFTC-led compliance effort HYPE up over 6% Selig details expected Thursday Summary : President Donald Trump announced that regulators are working to bring Hyperliquid into the U.S. in a fully compliant way, giving a nod to CFTC Chairman Michael Selig for leading the charge during a White House gathering. 🏛️ Within hours of the news, HYPE jumped more than 6%, trading near $68.19 with a market cap sitting around $15.1 billion. Selig also hinted that more details would be shared soon. 📈🚀 The move highlights how regulators are increasingly engaging with offshore-origin perpetual futures platforms to find a path for onshore access. 🌐✨ $ETH {spot}(ETHUSDT) $BTC {spot}(BTCUSDT) $BNB {spot}(BNBUSDT) #RippleLobbiesToAdvanceCLARITYActVote #ChinaAugustCPIRises0.8%YoY #USStrikesTargetsNearHormuzAndJask #OilRisesToHighestSinceJuly
Trump Says CFTC Is Working To Bring Hyperliquid Into The U.S 🇺🇸
#CFTC
Key Takeaways:
CFTC-led compliance effort
HYPE up over 6%
Selig details expected Thursday

Summary :
President Donald Trump announced that regulators are working to bring Hyperliquid into the U.S. in a fully compliant way, giving a nod to CFTC Chairman Michael Selig for leading the charge during a White House gathering. 🏛️

Within hours of the news, HYPE jumped more than 6%, trading near $68.19 with a market cap sitting around $15.1 billion. Selig also hinted that more details would be shared soon. 📈🚀

The move highlights how regulators are increasingly engaging with offshore-origin perpetual futures platforms to find a path for onshore access. 🌐✨
$ETH
$BTC
$BNB
#RippleLobbiesToAdvanceCLARITYActVote #ChinaAugustCPIRises0.8%YoY #USStrikesTargetsNearHormuzAndJask #OilRisesToHighestSinceJuly
Bitcoin Up or Down on September 9?

Bitcoin Up or Down on September 9?

1%Up99%Down
Volume $59,339.52
🚨 CME vs Hyperliquid: The US on the brink of legalizing perps! In the US, a war has erupted over the derivatives market. CME Group, a giant exchange operator, has filed a lawsuit against the regulator CFTC, trying to block perpetual futures (perpetuals) for Coinbase and Kalshi, calling them a «disaster» for the market. However, Hyperliquid Policy Center stepped in to defend the CFTC, together with the former US Solicitor General Elizabeth Prelogar. They stated directly that CME is simply afraid of competition and is trying to stifle innovations it itself is unable to implement. A win for the CFTC in this court case means the final legalization of perps in the US and a green light for a major DEX platform event to enter the American market. Does CME genuinely see risks, or is it just protecting its monopoly from DEX? #BinanceSquare #Hyperliquid #CFTC #Trading {future}(HYPEUSDT)
🚨 CME vs Hyperliquid: The US on the brink of legalizing perps!
In the US, a war has erupted over the derivatives market. CME Group, a giant exchange operator, has filed a lawsuit against the regulator CFTC, trying to block perpetual futures (perpetuals) for Coinbase and Kalshi, calling them a «disaster» for the market.
However, Hyperliquid Policy Center stepped in to defend the CFTC, together with the former US Solicitor General Elizabeth Prelogar. They stated directly that CME is simply afraid of competition and is trying to stifle innovations it itself is unable to implement.
A win for the CFTC in this court case means the final legalization of perps in the US and a green light for a major DEX platform event to enter the American market.
Does CME genuinely see risks, or is it just protecting its monopoly from DEX?

#BinanceSquare #Hyperliquid #CFTC #Trading
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Citadel Securities 就 SEC 与 CFTC 的产品定义联合征询表态:凡挂钩美国上市公司或其证券的产品,主监管权应归 SEC;交易所不能靠自我认证机制绕开审查。它同时要求 SEC 提高新产品备案的审核效率与可预期性。 关键争议在于,股权挂钩事件合约和永续衍生品究竟该如何分类。这不只是华尔街股票产品问题,也可能影响美国永续合约的监管边界。若监管按“经济实质”而非产品名称划线,加密平台未来在美展业的牌照路径与合规成本也会更明确。 #SEC #CFTC #衍生品监管
Citadel Securities 就 SEC 与 CFTC 的产品定义联合征询表态:凡挂钩美国上市公司或其证券的产品,主监管权应归 SEC;交易所不能靠自我认证机制绕开审查。它同时要求 SEC 提高新产品备案的审核效率与可预期性。

关键争议在于,股权挂钩事件合约和永续衍生品究竟该如何分类。这不只是华尔街股票产品问题,也可能影响美国永续合约的监管边界。若监管按“经济实质”而非产品名称划线,加密平台未来在美展业的牌照路径与合规成本也会更明确。

#SEC #CFTC #衍生品监管
Citadel Securities responds to SEC and CFTC’s joint product definition consultation: for products linked to U.S.-listed companies and their securities, the SEC should have primary regulatory authority; exchanges should not circumvent SEC oversight through self-certification mechanisms. The document also calls on the SEC to improve the efficiency and timeliness of new product registration and review. The core dispute is how equity-linked event contracts and perpetual derivatives should be classified—and which regulator should oversee them. If the scope of SEC jurisdiction expands, the listing pathways, disclosure requirements, and compliance obligations for relevant products could all be affected, and crypto-related perpetual derivatives would be hard to exempt. This is not only a question of how responsibilities are divided between two regulatory agencies; it also determines how traditional securities rules extend to new trading structures. Further developments are worth monitoring. #SEC #CFTC #Regulatory update
Citadel Securities responds to SEC and CFTC’s joint product definition consultation: for products linked to U.S.-listed companies and their securities, the SEC should have primary regulatory authority; exchanges should not circumvent SEC oversight through self-certification mechanisms. The document also calls on the SEC to improve the efficiency and timeliness of new product registration and review.

The core dispute is how equity-linked event contracts and perpetual derivatives should be classified—and which regulator should oversee them. If the scope of SEC jurisdiction expands, the listing pathways, disclosure requirements, and compliance obligations for relevant products could all be affected, and crypto-related perpetual derivatives would be hard to exempt.

This is not only a question of how responsibilities are divided between two regulatory agencies; it also determines how traditional securities rules extend to new trading structures. Further developments are worth monitoring.

#SEC #CFTC #Regulatory update
Citadel Securities’ latest statement directly addresses the dispute over regulatory jurisdiction for U.S. event contracts and perpetual derivatives. In its responses submitted to the SEC and CFTC, it says that for products linked to U.S.-listed companies and their securities, the SEC should have primary regulatory authority; exchanges cannot bypass SEC oversight by relying on self-certification mechanisms. At the same time, the SEC should also shorten the review cycle for new products and improve filing efficiency. The key issue is not just “who regulates,” but how equity-linked event contracts and perpetual derivatives are actually classified. If the regulatory boundaries are clear, it will be harder for stock-style event contracts to expand into regulatory gray areas; for crypto perpetual contracts, it may also prompt U.S. markets to re-examine product classification, listing pathways, and investor protection. Traditional market makers have publicly called for role clarification, indicating that competition for this kind of product has moved into the institutional framework. How the SEC and CFTC draw the lines going forward is something that warrants ongoing attention. #SEC #CFTC #CitadelSecurities
Citadel Securities’ latest statement directly addresses the dispute over regulatory jurisdiction for U.S. event contracts and perpetual derivatives. In its responses submitted to the SEC and CFTC, it says that for products linked to U.S.-listed companies and their securities, the SEC should have primary regulatory authority; exchanges cannot bypass SEC oversight by relying on self-certification mechanisms. At the same time, the SEC should also shorten the review cycle for new products and improve filing efficiency.

The key issue is not just “who regulates,” but how equity-linked event contracts and perpetual derivatives are actually classified. If the regulatory boundaries are clear, it will be harder for stock-style event contracts to expand into regulatory gray areas; for crypto perpetual contracts, it may also prompt U.S. markets to re-examine product classification, listing pathways, and investor protection.

Traditional market makers have publicly called for role clarification, indicating that competition for this kind of product has moved into the institutional framework. How the SEC and CFTC draw the lines going forward is something that warrants ongoing attention.

#SEC #CFTC #CitadelSecurities
See translation
Citadel Securities 就事件合约与永续衍生品监管归属正式表态:凡挂钩美国上市公司及其证券的产品,SEC 应拥有首要监管权,交易所不能靠 self-certification 绕开审查。 它同时呼吁 SEC 提高新产品备案效率,别让监管真空或重复管辖变成市场套利通道。 核心争议在于:股权挂钩事件合约究竟是证券还是商品?永续衍生品又该如何定性?SEC 与 CFTC 若不尽快划清边界,传统金融与加密衍生品市场都可能受到影响。 #SEC #CFTC #加密监管
Citadel Securities 就事件合约与永续衍生品监管归属正式表态:凡挂钩美国上市公司及其证券的产品,SEC 应拥有首要监管权,交易所不能靠 self-certification 绕开审查。

它同时呼吁 SEC 提高新产品备案效率,别让监管真空或重复管辖变成市场套利通道。

核心争议在于:股权挂钩事件合约究竟是证券还是商品?永续衍生品又该如何定性?SEC 与 CFTC 若不尽快划清边界,传统金融与加密衍生品市场都可能受到影响。

#SEC #CFTC #加密监管
Hyperliquid supports the CFTC in its fight over perpetual futures contracts, urging the court to dismiss CME’s lawsuit • Hyperliquid Policy Center alleges that CME Group is obstructing innovation in the cryptocurrency space. • The organization asks the court to reject CME’s lawsuit against the Commodity Futures Trading Commission (CFTC). • This move supports the CFTC’s position on regulation of perpetual futures contracts. #BinanceSquare #CryptoNews #CFTC #CME $btc $eth #vlikevn Titanbot Source: The Block
Hyperliquid supports the CFTC in its fight over perpetual futures contracts, urging the court to dismiss CME’s lawsuit

• Hyperliquid Policy Center alleges that CME Group is obstructing innovation in the cryptocurrency space.
• The organization asks the court to reject CME’s lawsuit against the Commodity Futures Trading Commission (CFTC).
• This move supports the CFTC’s position on regulation of perpetual futures contracts.
#BinanceSquare #CryptoNews #CFTC #CME

$btc $eth

#vlikevn Titanbot

Source: The Block
Not just another regulatory news item: the September 15 vote may decide whether US Crypto rules have to wait another four yearsUS Crypto regulation—soon, a crucial milestone for this year is about to arrive. On September 15, the Senate will hold a critical procedural vote on the CLARITY Act. First, let’s make it clear: September 15 is not the final passage of the CLARITY Act. What it determines is whether this bill can overcome procedural hurdles and move into the next stage of consideration. But the issue here is that this step requires 60 votes. If it can’t even clear this step, then formal discussions, amendments, and the final vote that follow basically won’t have much to talk about. So although this looks like a vote on “procedural matters,” it may, in fact, directly determine whether the US Crypto market structure bill has any chance of becoming law this year.

Not just another regulatory news item: the September 15 vote may decide whether US Crypto rules have to wait another four years

US Crypto regulation—soon, a crucial milestone for this year is about to arrive.
On September 15, the Senate will hold a critical procedural vote on the CLARITY Act.
First, let’s make it clear: September 15 is not the final passage of the CLARITY Act.
What it determines is whether this bill can overcome procedural hurdles and move into the next stage of consideration.
But the issue here is that this step requires 60 votes.
If it can’t even clear this step, then formal discussions, amendments, and the final vote that follow basically won’t have much to talk about.
So although this looks like a vote on “procedural matters,” it may, in fact, directly determine whether the US Crypto market structure bill has any chance of becoming law this year.
User-ff5e108f:
CLARITY Act这种参议院博弈分析得很透,但我这种脑子追消息每次都两头挨巴掌,现在干脆全丢给代跑不管了,有兴趣可以去翻翻 他的帖子
🔴 Prediction Markets on the Brink of the US Supreme Court: The Legal Battle of the Year Core Conflict: The State of New York has officially petitioned the U.S. Supreme Court. The key question is whether event and sports outcome contracts on prediction platforms (like Kalshi or Polymarket) constitute illegal gambling under state laws, or if they are federally regulated financial swaps overseen by the CFTC. Why It Is Critically Important: The case impacts the interests of dozens of similar jurisdictions and threatens a complete overhaul of the regulatory framework. Two Opposite Outcomes for the Industry: If state courts prevail (the gambling approach), platforms will be forced to acquire expensive local licenses and pay taxes in each individual region, paralyzing their scalability. If federal preemption wins out (the financial approach), it will protect crypto and fintech prediction platforms from local bans while delivering a major blow to the traditional sportsbook industry. Basis for Review: A previously generated legal conflict and conflicting rulings among different appellate circuits have created ideal conditions for the highest court to settle the matter definitively. #CRYPTO #NEWS #CFTC $BNB {future}(BNBUSDT)
🔴 Prediction Markets on the Brink of the US Supreme Court: The Legal Battle of the Year

Core Conflict: The State of New York has officially petitioned the U.S. Supreme Court. The key question is whether event and sports outcome contracts on prediction platforms (like Kalshi or Polymarket) constitute illegal gambling under state laws, or if they are federally regulated financial swaps overseen by the CFTC.

Why It Is Critically Important: The case impacts the interests of dozens of similar jurisdictions and threatens a complete overhaul of the regulatory framework.

Two Opposite Outcomes for the Industry:

If state courts prevail (the gambling approach), platforms will be forced to acquire expensive local licenses and pay taxes in each individual region, paralyzing their scalability.

If federal preemption wins out (the financial approach), it will protect crypto and fintech prediction platforms from local bans while delivering a major blow to the traditional sportsbook industry.

Basis for Review: A previously generated legal conflict and conflicting rulings among different appellate circuits have created ideal conditions for the highest court to settle the matter definitively.

#CRYPTO #NEWS #CFTC $BNB
🚨 CFTC MOVES TO DISMISS CME’S PERPETUAL FUTURES LAWSUIT ⚖️ The U.S. Commodity Futures Trading Commission (CFTC) has asked a federal court to dismiss CME Group’s lawsuit challenging the regulatory treatment of crypto perpetual futures. 🔍 What’s happening? CME has challenged the CFTC’s approval allowing Kalshi to offer Bitcoin perpetual futures, arguing that these products should be treated as swaps rather than futures. The CFTC is pushing back, arguing that: • CME may lack legal standing • CME could potentially offer perpetual futures itself • The exchange has not demonstrated sufficient competitive harm 📌 Why it matters for crypto The case could have major implications for the future of Bitcoin perpetual futures in the U.S. If the $CFTC position prevails, it could strengthen the path for regulated, onshore crypto perpetual products and potentially bring more institutional liquidity into the U.S. derivatives market. ⚠️ Important: This is a motion to dismiss, not a final court ruling. The legal battle is still ongoing. 👀 What do you think? Will U.S. regulators ultimately open the door wider for crypto perpetual futures, or will stricter rules prevail? #CFTC #CME #PerpetualFutures #cryptooinsigts
🚨 CFTC MOVES TO DISMISS CME’S PERPETUAL FUTURES LAWSUIT ⚖️

The U.S. Commodity Futures Trading Commission (CFTC) has asked a federal court to dismiss CME Group’s lawsuit challenging the regulatory treatment of crypto perpetual futures.

🔍 What’s happening?
CME has challenged the CFTC’s approval allowing Kalshi to offer Bitcoin perpetual futures, arguing that these products should be treated as swaps rather than futures.

The CFTC is pushing back, arguing that:

• CME may lack legal standing
• CME could potentially offer perpetual futures itself
• The exchange has not demonstrated sufficient competitive harm

📌 Why it matters for crypto

The case could have major implications for the future of Bitcoin perpetual futures in the U.S.

If the $CFTC position prevails, it could strengthen the path for regulated, onshore crypto perpetual products and potentially bring more institutional liquidity into the U.S. derivatives market.

⚠️ Important: This is a motion to dismiss, not a final court ruling. The legal battle is still ongoing.

👀 What do you think?

Will U.S. regulators ultimately open the door wider for crypto perpetual futures, or will stricter rules prevail?

#CFTC #CME #PerpetualFutures #cryptooinsigts
⚖️ The U.S. Commodity Futures Trading Commission seeks to dismiss CME's lawsuit over perpetual Bitcoin futures contracts The U.S. Commodity Futures Trading Commission (CFTC) has filed a motion in federal court to dismiss the lawsuit brought by CME Group. The case concerns CME's challenge to the regulator's approval of cryptocurrency derivatives contracts tied to perpetual futures offered by the Kalshi platform. ━━━━━━━━━━━━━━ 📊 Impact: 📈 High 🏷️ REGULATION #CFTC #Regulation #Crypto #Futures #Legal 📰 Source: bitcoinfoundation.org
⚖️ The U.S. Commodity Futures Trading Commission seeks to dismiss CME's lawsuit over perpetual Bitcoin futures contracts

The U.S. Commodity Futures Trading Commission (CFTC) has filed a motion in federal court to dismiss the lawsuit brought by CME Group. The case concerns CME's challenge to the regulator's approval of cryptocurrency derivatives contracts tied to perpetual futures offered by the Kalshi platform.

━━━━━━━━━━━━━━
📊 Impact: 📈 High
🏷️ REGULATION

#CFTC #Regulation #Crypto #Futures #Legal

📰 Source: bitcoinfoundation.org
⚖️ The Commodity Futures Trading Commission requests dismissal of CME's lawsuit against Kalshi over Bitcoin futures contracts The U.S. Commodity Futures Trading Commission (CFTC) has filed a request to dismiss the lawsuit brought by the Chicago Mercantile Exchange (CME) against the Kalshi platform. The case concerns Kalshi's Bitcoin (BTC) futures contracts, and this move comes in a context that raises questions about the nature of regulating crypto derivative products in the United States. ━━━━━━━━━━━━━━ 📊 Impact: 📈 High 🏷️ REGULATION #CFTC #Regulation #CryptoDerivatives #Bitcoin #LegalNews 📰 Source: cryptobriefing.com
⚖️ The Commodity Futures Trading Commission requests dismissal of CME's lawsuit against Kalshi over Bitcoin futures contracts

The U.S. Commodity Futures Trading Commission (CFTC) has filed a request to dismiss the lawsuit brought by the Chicago Mercantile Exchange (CME) against the Kalshi platform. The case concerns Kalshi's Bitcoin (BTC) futures contracts, and this move comes in a context that raises questions about the nature of regulating crypto derivative products in the United States.

━━━━━━━━━━━━━━
📊 Impact: 📈 High
🏷️ REGULATION

#CFTC #Regulation #CryptoDerivatives #Bitcoin #LegalNews

📰 Source: cryptobriefing.com
The CFTC requested the dismissal of the lawsuit it filed against CME's approval of Bitcoin futures. The regulator argues that CME cannot challenge this decision without demonstrating concrete financial harm. $BTC and this legal process is being closely monitored from the perspective of derivative markets. #Bitcoin #CFTC #Crypto
The CFTC requested the dismissal of the lawsuit it filed against CME's approval of Bitcoin futures. The regulator argues that CME cannot challenge this decision without demonstrating concrete financial harm. $BTC and this legal process is being closely monitored from the perspective of derivative markets. #Bitcoin #CFTC #Crypto
ABD Emtia Vadeli İşlemler Komisyonu CFTC, CME'nin kripto vadeli işlemleri hakkındaki davasının reddedilmesini talep etti. Düzenleyici kurum, mevcut kararın tüm yetkili piyasalara bu ürünleri listeleme hakkı tanıdığını savunuyor. Kripto türev piyasalarının hukuki çerçevesi açısından bu gelişmeyi yakından takip etmekte fayda var. $BTC #CFTC #KriptoTurevleri #CME
ABD Emtia Vadeli İşlemler Komisyonu CFTC, CME'nin kripto vadeli işlemleri hakkındaki davasının reddedilmesini talep etti. Düzenleyici kurum, mevcut kararın tüm yetkili piyasalara bu ürünleri listeleme hakkı tanıdığını savunuyor. Kripto türev piyasalarının hukuki çerçevesi açısından bu gelişmeyi yakından takip etmekte fayda var. $BTC #CFTC #KriptoTurevleri #CME
Prediction Markets Have a Bigger Problem Than Sports Betting Prediction markets are growing incredibly fast—but regulatory pressure is growing with them. The CFTC has been facing increasing scrutiny around markets involving sports, player availability and potential insider information. Recent cases have already highlighted concerns around people using sensitive information to place prediction-market trades. And there's a second battle happening: Who actually has jurisdiction? New Jersey has asked the Supreme Court to address whether states can regulate markets such as Kalshi, despite federal CFTC oversight. That's bigger than one platform. If prediction markets become a mainstream financial product, regulators need to answer: → What counts as insider information? → Who protects users? → Who has jurisdiction? → Are these markets financial contracts or gambling? The industry is growing faster than the rulebook. That's the real risk. $ARB $ONG $MANTRA #PredictionMarkets #CFTC #Crypto #cftcscrutinizespredictionmarketaffiliates
Prediction Markets Have a Bigger Problem Than Sports Betting
Prediction markets are growing incredibly fast—but regulatory pressure is growing with them.

The CFTC has been facing increasing scrutiny around markets involving sports, player availability and potential insider information. Recent cases have already highlighted concerns around people using sensitive information to place prediction-market trades.

And there's a second battle happening:
Who actually has jurisdiction?
New Jersey has asked the Supreme Court to address whether states can regulate markets such as Kalshi, despite federal CFTC oversight.
That's bigger than one platform.
If prediction markets become a mainstream financial product,
regulators need to answer:

→ What counts as insider information?
→ Who protects users?
→ Who has jurisdiction?
→ Are these markets financial contracts or gambling?
The industry is growing faster than the rulebook.
That's the real risk.

$ARB
$ONG
$MANTRA
#PredictionMarkets #CFTC #Crypto

#cftcscrutinizespredictionmarketaffiliates
#CFTC C Asks Judge to Dismiss CME Lawsuit Over Crypto Perpetual Futures The regulator argues that CME cannot challenge its approval of Kalshi’s Bitcoin perpetual contract without showing concrete financial harm. In brief The CFTC asked a federal judge to dismiss CME’s challenge to its approval of crypto perpetual futures. The agency says CME has not shown financial harm and is free to offer comparable contracts. The judge has not ruled on the motion; the accompanying proposed order remains unsigned. The Commodity Futures Trading Commission asked a federal judge Wednesday to dismiss Chicago Mercantile Exchange’s lawsuit challenging the agency’s approval of cryptocurrency perpetual futures. The CFTC argued that CME has failed to show it suffered financial harm or faced greater competit
#CFTC C Asks Judge to Dismiss CME Lawsuit Over Crypto Perpetual Futures
The regulator argues that CME cannot challenge its approval of Kalshi’s Bitcoin perpetual contract without showing concrete financial harm.
In brief

The CFTC asked a federal judge to dismiss CME’s challenge to its approval of crypto perpetual futures.

The agency says CME has not shown financial harm and is free to offer comparable contracts.

The judge has not ruled on the motion; the accompanying proposed order remains unsigned.

The Commodity Futures Trading Commission asked a federal judge Wednesday to dismiss Chicago Mercantile Exchange’s lawsuit challenging the agency’s approval of cryptocurrency perpetual futures.

The CFTC argued that CME has failed to show it suffered financial harm or faced greater competit
The CFTC is requesting a dismissal of CME Group's lawsuit regarding the approval of Kalshi's Bitcoin perpetual futures, arguing that the exchange has failed to prove any actual financial harm. #CFTC #PerpetualFutures ‎
The CFTC is requesting a dismissal of CME Group's lawsuit regarding the approval of Kalshi's Bitcoin perpetual futures, arguing that the exchange has failed to prove any actual financial harm.

#CFTC #PerpetualFutures
🚨 The CFTC directly asks the court to dismiss CME’s lawsuit! The crypto perpetual futures battle escalates—who will take over the U.S. derivatives market? Group: [点击进入玖玖的粉丝群](https://app.binance.com/uni-qr/YXXQJrPb) The U.S. crypto derivatives market is fighting again. This time it’s not a dispute between project teams—CME and the U.S. Commodity Futures Trading Commission (CFTC) are going head-to-head. The latest reports show that the CFTC has asked a federal court to dismiss CME’s lawsuit over the approval of crypto perpetual futures contracts, and its stance is very firm: CME has not proved that it suffered any actual economic loss at all. The starting point of this matter is that the CFTC previously approved Kalshi’s Bitcoin perpetual contract BTCPERP. The biggest feature of this product is that it: has no expiration date, does not require actual delivery, and keeps the contract price as close as possible to the BTC spot price through periodic funding payments exchanged between long and short parties. CME argues that this structure actually better fits the legal definition of a “swap,” rather than a traditional “futures contract.” The regulator believes that this approval framework does not give a green light to only one platform. Any qualifying registered trading venue—including CME itself—can launch similar products. So the CFTC effectively questions CME: If you can also issue it, why sue the regulator because a competitor got approval? More importantly, even if CME wins the lawsuit, it doesn’t necessarily mean the rival’s product disappears. The CFTC believes Kalshi and other trading venues may still offer similar contracts in the form of swap products. This suggests that what CME is truly worried about may not be a single product, but that the competitive rules across the entire U.S. crypto derivatives market are changing. And that’s also what I think is the most worth paying attention to. 👀 If perpetual contracts gradually gain recognition within the U.S. regulatory framework, the space for traditional U.S. financial institutions to enter the crypto derivatives market may expand even further. Click the avatar to join the Jiujiu chat group for daily strategies 🚀 #加密衍生品 #CFTC #cme
🚨 The CFTC directly asks the court to dismiss CME’s lawsuit!
The crypto perpetual futures battle escalates—who will take over the U.S. derivatives market?

Group: 点击进入玖玖的粉丝群

The U.S. crypto derivatives market is fighting again. This time it’s not a dispute between project teams—CME and the U.S. Commodity Futures Trading Commission (CFTC) are going head-to-head. The latest reports show that the CFTC has asked a federal court to dismiss CME’s lawsuit over the approval of crypto perpetual futures contracts, and its stance is very firm: CME has not proved that it suffered any actual economic loss at all.

The starting point of this matter is that the CFTC previously approved Kalshi’s Bitcoin perpetual contract BTCPERP.
The biggest feature of this product is that it: has no expiration date, does not require actual delivery, and keeps the contract price as close as possible to the BTC spot price through periodic funding payments exchanged between long and short parties. CME argues that this structure actually better fits the legal definition of a “swap,” rather than a traditional “futures contract.”

The regulator believes that this approval framework does not give a green light to only one platform. Any qualifying registered trading venue—including CME itself—can launch similar products.
So the CFTC effectively questions CME:
If you can also issue it, why sue the regulator because a competitor got approval?

More importantly, even if CME wins the lawsuit, it doesn’t necessarily mean the rival’s product disappears. The CFTC believes Kalshi and other trading venues may still offer similar contracts in the form of swap products. This suggests that what CME is truly worried about may not be a single product, but that the competitive rules across the entire U.S. crypto derivatives market are changing.

And that’s also what I think is the most worth paying attention to. 👀
If perpetual contracts gradually gain recognition within the U.S. regulatory framework, the space for traditional U.S. financial institutions to enter the crypto derivatives market may expand even further.

Click the avatar to join the Jiujiu chat group for daily strategies 🚀
#加密衍生品 #CFTC #cme
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Bullish
#cftcscrutinizespredictionmarketaffiliates 🚨 #CFTC SCRUTINIZES PREDICTION MARKET AFFILIATES — A NEW REGULATORY BATTLE IS HEATING UP. ⚠️📊 The U.S. derivatives regulator is putting prediction-market affiliates under the microscope, raising fresh questions about how these platforms, partnerships, and promotional networks operate. And crypto traders should pay attention. 👀 🔥 Why does this matter? Prediction markets have exploded in popularity, sitting at the intersection of finance, betting, data, and speculation. But as the industry grows, regulators are increasingly asking: ❓ Who is operating the platform? ❓ Who is promoting the contracts? ❓ Are affiliates following the rules? ❓ Where does financial activity cross regulatory boundaries? 💥 The bigger impact could reach crypto. Prediction markets and crypto are both moving deeper into the financial mainstream. If regulators establish stricter rules now, future crypto-based prediction platforms could face a much tougher compliance environment. But there's another side… 📈 Clearer regulation could also attract bigger institutions. Less regulatory uncertainty → more confidence → more institutional participation. That means today's crackdown could eventually help create a more mature market. 👀 The regulatory battle is getting bigger. And in crypto, regulatory headlines can move sentiment before the actual rules even change. Watch this space. The next major prediction-market development could have implications far beyond prediction markets. 🔥 #crypto #CFTC #PredictionMarkets
#cftcscrutinizespredictionmarketaffiliates
🚨 #CFTC SCRUTINIZES PREDICTION MARKET AFFILIATES — A NEW REGULATORY BATTLE IS HEATING UP. ⚠️📊
The U.S. derivatives regulator is putting prediction-market affiliates under the microscope, raising fresh questions about how these platforms, partnerships, and promotional networks operate.
And crypto traders should pay attention. 👀
🔥 Why does this matter?
Prediction markets have exploded in popularity, sitting at the intersection of finance, betting, data, and speculation.
But as the industry grows, regulators are increasingly asking:
❓ Who is operating the platform?
❓ Who is promoting the contracts?
❓ Are affiliates following the rules?
❓ Where does financial activity cross regulatory boundaries?
💥 The bigger impact could reach crypto.
Prediction markets and crypto are both moving deeper into the financial mainstream.
If regulators establish stricter rules now, future crypto-based prediction platforms could face a much tougher compliance environment.
But there's another side…
📈 Clearer regulation could also attract bigger institutions.
Less regulatory uncertainty → more confidence → more institutional participation.
That means today's crackdown could eventually help create a more mature market.
👀 The regulatory battle is getting bigger.
And in crypto, regulatory headlines can move sentiment before the actual rules even change.
Watch this space. The next major prediction-market development could have implications far beyond prediction markets. 🔥
#crypto #CFTC #PredictionMarkets
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