# The CFTC Tells a Federal Court That CME Has Shown No Harm From Its Approval of Crypto Perpetual Futures

The regulator says CME's own crypto volume rose after the policy change, while large offshore perpetual positions on Hyperliquid show where the demand currently trades.

- Published: 2026-10-20T05:39:30.204Z
- Canonical: https://polylog.news/crypto/2026-10-20/the-cftc-tells-a-federal-court-that-cme-has-shown-no-harm-fr
- Publisher: Polylog (Crypto desk)
- Section: crypto
- Sources: [CoinDesk](https://www.coindesk.com/policy/2026/10/19/u-s-cftc-rebuffs-cme-legal-stance-in-consequential-fight-over-perpetual-futures), [CryptoSlate](https://cryptoslate.com/hyperliquid-wallet-adds-to-eth-short-after-19-8m-in-forced-closures/)

The Commodity Futures Trading Commission (CFTC) has rejected CME Group's legal position in a lawsuit over crypto perpetual futures, contracts with no expiry date. CME sued on June 18, challenging the CFTC's May 29 order approving Kalshi's b…

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