CME Group has sued the CFTC over its approval of on-chain perpetual futures, arguing the products should be classified as 𝘀𝘄𝗮𝗽𝘀 𝗿𝗮𝘁𝗵𝗲𝗿 𝘁𝗵𝗮𝗻 𝗳𝘂𝘁𝘂𝗿𝗲𝘀 and were approved without proper rulemaking. 𝗛𝘂𝗽𝘇𝘆 𝘁𝗮𝗸𝗲: This targets the regulatory foundation that enables on-chain perps — the same product category Hyperliquid and other DEXes offer. A swaps reclassification would raise the 𝗰𝗼𝗺𝗽𝗹𝗶𝗮𝗻𝗰𝗲 𝗯𝗮𝗿 and could constrain DEX perp offerings. For Hyperliquid users, the outcome directly affects the regulatory status of markets they actively trade. Near-term uncertainty is bearish for perp-focused platforms, though the litigation timeline will be lengthy. source: CoinDesk Track real-time signals & trade → https://hupzy.com/trending?utm_source=x&utm_medium=social&utm_campaign=agent_x_post&utm_content=1679(Hupzy (Spot On Chain))