Hyperliquid Policy Center has filed a legal brief in federal court in Washington, D.C., asking the court to throw out a lawsuit brought by CME against the U.S. Commodity Futures Trading Commission, according to Hyperliquid News. The dispute stems from the CFTC’s earlier approval allowing Kalshi to offer regulated cryptocurrency perpetual contracts in the United States. CME had previously challenged that regulatory decision in court. In its filing, Hyperliquid’s policy arm sided with the CFTC and argued that CME’s case should be dismissed. The move places Hyperliquid Policy Center directly behind the regulator in a case tied to the legal treatment of crypto perpetual products in the U.S. market.
Hyperliquid Policy Center has filed a legal brief with the federal court in Washington, D.C., seeking dismissal of a lawsuit that CME brought against the U.S. Commodity Futures Trading Commission, according to Hyperliquid News.
The case centers on Kalshi’s regulated crypto perpetual contracts
The lawsuit relates to the CFTC’s earlier approval for Kalshi to launch regulated cryptocurrency perpetual contracts in the United States. CME had previously sued over that regulatory decision.
In its filing, Hyperliquid Policy Center backed the CFTC and argued that the court should dismiss CME’s lawsuit.
This article was originally published by Bit.Fan. For more cryptocurrency news and market insights, visit www.bit.fan. Disclaimer:
The market information, project data, and third-party content displayed on this platform are for industry information sharing only and do not constitute any form of investment advice or return commitment.
Cryptocurrency trading carries high risks. Users should fully assess their risk tolerance and make independent decisions. All profits, losses, and legal responsibilities are borne by the users themselves.
