Unchained: Why a Single Word Will Decide Who Can Trade Perps in the U.S


📝 Quick Summary

Source: Youtube Unchained Podcast

Type: Video

Published: September 05, 2026 at 07:00 PM (about 2 hours ago)

Video Description

The CME is suing the CFTC over how perpetual futures contracts should be defined: as a swap or a future? Jake Chervinsky of Hyperliquid Policy Center, Cathy Yoon of Temporal, and Tiffany J. Smith of WilmerHale lay out why the answer decides who in the US ever gets to trade one.

Host:
Laura Shin - Founder, CEO and Host of Unchained - https://x.com/laurashin

Guests:
👉 Cathy Yoon - General Counsel of Temporal - https://x.com/_cathyyoon
👉 Tiffany J. Smith - Partner at WilmerHale and Co-Chair of its Blockchain & Cryptocurrency Working Group
👉 Jake Chervinsky - CEO of Hyperliquid Policy Center - https://x.com/jchervinsky

This clip is from a longer conversation recorded at the RWA Summit on how perpetual futures get regulated in the US. Full episode here: https://youtu.be/evqiVB-IgTI

We...

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