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The Polylog Crypto Intelligence Brief

Morning Edition · Monday, June 22, 2026

CME Sues the CFTC Over How Crypto Perpetual Futures Got Approved

The exchange operator argues the regulator wrongly approved the first perpetual futures product in the United States, opening a jurisdictional dispute just as Binance prepares to list its own perpetual contracts.

CME Sues the CFTC Over How Crypto Perpetual Futures Got Approved

CME Group, the largest derivatives exchange operator in the United States, has sued the Commodity Futures Trading Commission (CFTC), alleging the agency made an error in approving Kalshi's first US perpetual futures product, CoinDesk report…

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Perpetual Futures Approval Sparks US Market-Structure Turf Fight

Over the coming months, the arrival of CFTC-cleared crypto perpetual futures triggers legal and jurisdictional battles over how these instruments are classified and which process governs them in the US.