CFTC Chairman Mike Selig signaled a major push to expand cryptocurrency derivatives and other products in the US, stressing cooperation with the US Securities and Exchange Commission to end past regulatory turf wars. This comes as CME Group announced plans to sue the Commodity Futures Trading Commission (CFTC) over the recent approval of perpetual futures contracts.
CFTC Chairman Mike Selig points to crypto and perpetual futures contracts
Commodity Futures Trading Commission (CFTC) Chairman Mike Selig open The regulator is working with the US Securities and Exchange Commission and its Chairman Paul Atkins to bring stock futures, perpetual securities, and other types of assets to the market. He added that this step aims to keep the United States the capital of cryptocurrencies in the world.
Mike Selig says past disputes between the CFTC and the SEC have marginalized new products and innovators, but those days are over. It comes in the middle SEC-CFTC Coordination Initiative To create a unified regulatory framework for cryptocurrencies.
Selig also highlighted the no-action letter on post-trade risk reduction services (PTRRS), including portfolio rebalancing and fundamental risk mitigation.
“Market participants should not be penalized with burdensome requirements to engage in activities that reduce the risk of their portfolios,” said Mike Selig, Chairman of the Commodity Futures Trading Commission (CFTC). He added that the Dodd-Frank Act significantly overregulates such services. The regulatory body aims to provide relief from over-regulation in the law to promote innovation.
The comments come amid recent CFTC approvals for Kalshi and Coinbase to offer perpetual futures contracts. It is worth noting, The Commodity Futures Trading Commission (CFTC) approved HYPEETH, XRP, SOL and other companies are on Kalshi after perpetual bitcoin futures were approved last month.
CME Group files lawsuit against CFTC over perpetual futures approvals
CME Group plans to file a lawsuit against the CFTC on June 18, CME’s outgoing CEO, Terry Duffy, confirmed on CNBC’s Fast Money. The lawsuit will target the CFTC’s approval of products like Kalshi’s perpetual bitcoin futures and other cryptocurrency products.
Duffy argued that perpetual futures contracts should be treated as swaps under the Dodd-Frank Act rather than regular futures contracts. This legal challenge comes as the Commodity Futures Trading Commission (CFTC) under Mike Selig expands its reach. Perpetual crypto derivatives platforms Reducing regulatory burdens.
This has created tensions with traditional exchanges such as the CME that have long dominated the US futures markets. “We have an exclusive license with each standards provider. So all these standards have to go through CME regardless of perpetuity,” the CME Group CEO added.
#new @CMEGroup to sue the CFTC over the approval of perpetual futures as soon as tomorrow.
Outgoing CEO Terry Duffy speaks to Fast Money exclusively about the lawsuit and his decision to retire. https://t.co/g6Kjz4c5bC
– CNBC Fast Money (@CNBCFastMoney) June 17, 2026
