{"id":74216,"date":"2026-06-18T15:09:43","date_gmt":"2026-06-18T15:09:43","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/cmes-terrence-duffy-targets-cftc-perps-approval-as-kalshi-volume-tops-3b\/"},"modified":"2026-06-18T15:09:43","modified_gmt":"2026-06-18T15:09:43","slug":"cmes-terrence-duffy-targets-cftc-perps-approval-as-kalshi-volume-tops-3b","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/cmes-terrence-duffy-targets-cftc-perps-approval-as-kalshi-volume-tops-3b\/","title":{"rendered":"CME\u2019s Terrence Duffy Targets CFTC Perps Approval as Kalshi Volume Tops $3B"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<div class=\"@container mb-[25px] rounded-sm overflow-clip py-0.5 pr-0.5 pl-2.5 bg-success-100\">\n<div class=\"flex flex-col gap-m overflow-clip rounded-[6px] !bg-success-10 p-3 @[420px]:p-m\">\n<h2 class=\"m-0 flex items-center gap-s text-[19px] !text-[#1c1c1c] md:text-[20px]\"><svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"16\" height=\"10\" viewbox=\"0 0 16 10\" fill=\"none\" class=\"shrink-0 text-success-100\" aria-hidden=\"true\"><path d=\"M1 1.5h14\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><path d=\"M1 8.5h10\" stroke=\"currentColor\" stroke-width=\"2.5\" stroke-linecap=\"round\"\/><\/svg><span>Key Takeaways<\/span><\/h2>\n<ul class=\"m-0 flex list-none flex-col gap-m pl-0\">\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">On June 18, CME CEO Terrence Duffy plans to sue the CFTC over its landmark approval of crypto perpetual futures.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Kalshi\u2019s new crypto derivatives saw huge market demand, clearing over $3 billion in volume during beta testing.<\/span><\/li>\n<li class=\"m-0 flex items-start gap-s !text-[#434248]\"><span class=\"mt-2 size-2 shrink-0 rounded-full bg-success-100\" aria-hidden=\"true\"\/><span class=\"text-body\">Next, a court must decide if the CFTC or CME holds the right to list these products under the Dodd-Frank Act.<\/span><\/li>\n<\/ul>\n<\/div>\n<\/div>\n<h2>Perps Should Be Classified as Swaps, Says CME Boss<\/h2>\n<p>CME Group CEO Terrence Duffy said June 17 he plans to sue the Commodity Futures Trading Commission (CFTC) over its decision to approve perpetual futures trading in the United States, escalating a regulatory clash over one of <span>crypto<\/span>\u2019s fastest\u2011growing derivatives.<\/p>\n<p>Duffy <a href=\"https:\/\/www.cnbc.com\/2026\/06\/17\/cme-ceo-terrence-duffy-says-the-exchange-operator-will-sue-cftc-over-perpetual-futures.html\" target=\"_blank\" rel=\"noopener noreferrer\">told<\/a> CNBC the lawsuit will be filed on Thursday, June 18, and will argue that perpetual futures should be classified as swaps under the Dodd\u2011Frank Act. That designation, he said, would require such products to be listed through CME.<\/p>\n<p>\u201cWe have an exclusive license with every single provider of the benchmarks. So all of these would have to go through CME regardless of the perpetual,\u201d Duffy said. \u201cThey would have to list them as swaps, if that\u2019s the way that it came out.\u201d<\/p>\n<p>Duff added that he and the CME board have been preparing the challenge for eight months. \u201cI\u2019ve never shied away from one, and I won\u2019t shy away from this,\u201d he said. \u201cWe are not taking this lightly.\u201d<\/p>\n<p>The CME boss\u2019 remarks follow CFTC Chair Michael Selig\u2019s <a href=\"https:\/\/news.bitcoin.com\/arthur-hayes-tells-cme-and-ice-off-as-hype-drops-nearly-9-after-lobbying-push\/\">defence<\/a> of the agency\u2019s decision earlier this week, saying the commission aims to bring internationally popular products onshore under U.S. regulatory oversight.<\/p>\n<p>Selig said incumbents \u201cwill always fear the future,\u201d but argued that perpetual futures should be available in a regulated environment. \u201cIt\u2019s time to approve regulated futures contracts that have no expiration date,\u201d he said. \u201cWe\u2019re going to make sure the product\u2019s available, but it\u2019s well regulated here in the U.S.\u201d<\/p>\n<p>He <a href=\"https:\/\/www.cnbc.com\/2026\/06\/15\/cftc-chair-selig-defends-decision-to-approve-perps-in-us.html\" target=\"_blank\" rel=\"noopener noreferrer\">dismissed<\/a> concerns raised by Duffy about <span>leverage<\/span> risks, noting that complexity alone is not a reason to block new products. \u201cThe notion that we should be paternalistic and allow for one type of product, because it\u2019s easier to understand, I think that\u2019s frankly a misunderstanding itself,\u201d he said. \u201cOptions are very complicated.\u201d<\/p>\n<p>Selig added that brokers remain responsible for evaluating customer suitability and ensuring proper disclosures. He also rejected suggestions that the approval was politically motivated by President Donald Trump\u2019s administration or influenced by Donald Trump Jr., who serves as a strategic adviser to Kalshi. \u201cThat\u2019s absolutely absurd, that insinuation,\u201d he said.<\/p>\n<p>The CFTC\u2019s late\u2011May approval allowed prediction\u2011market operator Kalshi to offer <span>bitcoin<\/span> perpetual futures \u2014 the first time the product has been permitted in the U.S. The platform has since expanded its offerings to other <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">cryptocurrencies<\/a>.<\/p>\n<p>Demand has been strong. At a recent event marking the launch, Kalshi <a href=\"https:\/\/news.bitcoin.com\/kalshi-perpetual-futures-5-5-billion-two-weeks\/\">said<\/a> its perpetual futures had generated more than $3 billion in notional <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-trading-volume\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">volume<\/a> in just over a week of beta testing. Kalshi CEO Tarek Mansour said last week that the platform\u2019s maximum <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-leverage-in-crypto-trading\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">leverage<\/a> is lower than the <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-is-leverage-in-crypto-trading\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">leverage<\/a> available on some CME futures contracts.<\/p>\n<\/p><\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/cmes-terrence-duffy-targets-cftc-perps-approval-as-kalshi-volume-tops-3b\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways On June 18, CME CEO Terrence Duffy plans to sue the CFTC over its landmark approval of crypto perpetual futures. Kalshi\u2019s new crypto derivatives saw huge market demand, clearing over $3 billion in volume during beta testing. Next, a court must decide if the CFTC or [&hellip;]<\/p>\n","protected":false},"author":10,"featured_media":74217,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74216"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=74216"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/74216\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/74217"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=74216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=74216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=74216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}