CME sues CFTC over rival crypto futures approvals
CME Corp filed a federal lawsuit on Thursday against the US Commodity Futures Trading Commission (CFTC), alleging that the regulator unlawfully permitted rival exchange Kalshi and crypto platform Coinbase to offer perpetual futures contracts on digital currencies. The complaint, lodged in the US District Court for the Northern District of Illinois, argues that the CFTC’s June 2026 approval of the contracts violates the Commodity Exchange Act and exceeds the agency’s statutory authority . CME, the world’s largest futures exchange, contends that the decision undermines market integrity and creates an uneven playing field for established derivatives venues.
The dispute centres on perpetual futures—derivatives that never expire and track the spot price of Bitcoin and Ethereum. Kalshi received CFTC clearance on 10 June 2026 to list these contracts, followed by Coinbase’s exchange arm on 12 June 2026. CME, which has long dominated crypto derivatives with its Bitcoin and Ether futures launched in 2021, claims the regulator failed to conduct adequate risk assessments or solicit sufficient public comment before granting the approvals .
A CFTC spokesperson declined immediate comment, but industry observers note that the lawsuit could delay the launch of the new contracts and force a legal reckoning over the regulator’s oversight of digital-asset derivatives. The case also raises broader questions about the CFTC’s jurisdiction amid a patchwork of state and federal rules governing crypto markets.
In a separate regulatory development, the US Federal Energy Regulatory Commission (FERC) on Thursday ordered six regional grid operators to fast-track interconnection requests from data centres, aiming to address bottlenecks that have delayed AI and cloud computing projects. The unanimous directive requires operators to demonstrate within 90 days that data centres can connect to transmission systems in an orderly manner, though the order does not address how utilities will source the additional power needed to meet surging demand .
Meanwhile, Brazil’s competition authority CADE confirmed that Apple will allow alternative app stores and third-party payment systems on iOS 26.5, effective immediately, following a settlement with the regulator. The changes mark a significant retreat from Apple’s long-standing walled-garden policy and bring Brazil into line with the European Union’s Digital Markets Act .
In Estonia, Fermi Energias said its €4.2bn nuclear plant investment hinges on a contract-for-difference scheme guaranteeing price stability, mirroring support mechanisms used for wind farms. The developer expects a government decision within months, warning that without the subsidy framework, the project could be shelved .
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