Terry Duffy, CEO of CME Group for nearly five decades, is calling for stronger oversight of crypto derivatives, focusing on three trends: prediction markets, 24/7 trading, and perpetual futures. In June 2026, CME Group sued the CFTC over its approval of Bitcoin perpetual futures, arguing that these products fall under the swaps regime under Dodd-Frank, which carries significantly heavier regulatory requirements. Duffy is also pushing for public regulatory reviews before new contracts hit the market, opposing the current self-certification model. CME launched 24/7 trading for its crypto futures and options on May 29, 2026, with plans to extend this model to other products if the banking system adapts to continuous operations. Duffy will step down as CEO on March 1, 2027.
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