CME Files Lawsuit Against CFTC Over Perpetual Futures Regulation

At the RWA Summit, industry experts including Cathy Yoon, Tiffany J. Smith, and Jake Chervinsky discussed the legal classification of perpetual futures as either futures or swaps under US law. The panel analyzed the ongoing lawsuit filed by CME against the CFTC, the regulatory jurisdictional divide between the CFTC and SEC, and the potential implications of Hyperliquid entering the US market via Kraken's Bitnomial. The discussion was moderated by Laura Shin.