CFTC Asks Judge to Dismiss CME Lawsuit Over Crypto Perpetual Futures

The regulator argues that CME cannot challenge its approval of Kalshi’s Bitcoin perpetual contract without showing concrete financial harm.

The top 3

  1. Largest Crypto Fraud Penalties by CFTC: The CFTC secured a record $12.7 billion judgment against FTX and Alameda Research for fraud, and a $3.4 billion order against Mirror Trading International for defrauding over 23,000 Americans in a Bitcoin Ponzi scheme.
  2. CFTC's Top Enforcement Allegations in Crypto: Between 2015 and 2025, 73% of the CFTC's 130 crypto enforcement actions involved alleged failure to register as a Futures Commission Merchant (FCM) or false registration claims, with 39% involving alleged fraudulent schemes.
  3. Key Rulings Affirming CFTC's Crypto Jurisdiction: The 2018 CFTC v. McDonnell case established that cryptocurrencies are commodities subject to CFTC jurisdiction, a precedent reinforced by subsequent actions against platforms like Kraken and Ooki DAO for operating unregistered.

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