Hyperliquid Policy Center: CME Lawsuit Against CFTC Is a Major Miscalculation, Exposing Anti-Competitive Stance

Odaily Odaily News: Jake Chervinsky, CEO of the Hyperliquid Policy Center, stated that the Chicago Mercantile Exchange (CME) suing the U.S. Commodity Futures Trading Commission (CFTC) is a major miscalculation and an unnecessary misstep. The CME, long seen as the dominant player in the U.S. derivatives market, now appears in court action as a monopolistic incumbent afraid of competition. Jake Chervinsky also cited CFTC Chairman Mike Selig’s view, stating that incumbents always fear the future, but the public should not fear the incumbents.