CME chief cautions U.S. approval of crypto perpetual futures could harm investors and destabilize markets

CME Group chief Terry Duffy called U.S. cryptocurrency perpetual futures “a disaster waiting to happen,” saying the products could expose investors to large risks and threaten the financial system ^{[1] [2] [3]}.

Duffy specifically warned that allowing U.S. investors access to perpetual futures could destabilize financial markets; the Commodity Futures Trading Commission opened the U.S. perps market on May 29, a development he cited as increasing the sector's risk profile ^[1].

Market reaction included declines in shares of major U.S. exchange operators as investors worried perpetuals would shift competition across asset classes, and analysts said the comments underscore questions for exchanges, regulators and the broader digital-asset market ^{[1] [4]}.

Duffy’s remarks have focused attention on the newly opened U.S. perpetual futures market and its potential implications for investors and exchange operators ^{[1] [2]}.