Hyperliquid Policy Center Backs CFTC Against CME's Perpetual Futures Lawsuit

The Hyperliquid Policy Center (HPC) has filed an amicus brief in support of the Commodity Futures Trading Commission (CFTC) in a lawsuit against CME Group. The lawsuit was brought by CME after the CFTC approved perpetual futures contracts for trading in the US.

Perpetual futures are a type of futures contract with no expiration date, allowing traders to speculate on asset price movements without holding the underlying asset.

The HPC brief argues that a ruling in favor of CME would give established exchanges grounds to challenge CFTC approvals for new products they do not offer themselves.