Hyperliquid Policy Center sides with CFTC in regulatory dispute over perpetual futures, urging court to dismiss CME's lawsuit.
DeFi & Yields ·
The Hyperliquid Policy Center has filed a brief supporting the CFTC in an ongoing regulatory dispute over perpetual futures, arguing that CME Group's lawsuit against the regulator should be dismissed. The Policy Center characterized CME's legal challenge as an attempt to stifle innovation in the sector.
The filing reflects a broader tension over regulatory authority and product jurisdiction. CME has contested the CFTC's authority over certain derivatives contracts, and the Hyperliquid Policy Center's intervention signals resistance to that challenge from within the crypto industry. The specific grounds of the lawsuit and the CFTC's regulatory position remain the subject of the court proceedings.
The outcome of the case could affect how perpetual futures are regulated going forward. It remains unclear whether the court will grant the dismissal motion or allow CME's challenge to proceed to further litigation.