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CME lawsuit exposes its fear of competition, Jake Chervinsky argues
Jake Chervinsky, lawyer, head of policy at Variant Fund and Blockchain Assoc., criticized CME's decision to sue CFTC, calling it a shocking miscalculation and an unforced error.
Chervinsky argued that CME, once dominant in U.S. derivatives discussions in Washington, D.C., now appears to be a monopolist afraid of competition. He emphasized that competition is now present in the market.
Chervinsky has previously commented on staffing trends in the sector, noting that Hyperliquid experts have become standard at crypto companies. He also credited the Hyperliquid community as a key factor for launching HyperliquidPC and supporting a major crypto event in Singapore. His recent remarks follow ongoing commentary on industry developments.
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