CME's Duffy warns an overlooked tax risk looms over U.S. perpetual futures

CryptoInfo Editorial Team · Published on July 30, 2026 at 14:33 · Updated on July 30, 2026 · 1 min read

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Key Takeaways

→CME CEO Terry Duffy has warned of a potential tax risk for US perpetual futures
→A court battle is ongoing over whether perpetual futures are swaps or futures
→The classification of perpetual futures could affect how the IRS taxes these contracts

Disclaimer: This content is provided for informational purposes only and does not constitute financial or investment advice.

CME CEO Terry Duffy has warned of an overlooked tax risk looming over US perpetual futures, according to reporting from CoinDesk. The issue arises from a court battle over whether perpetual futures should be classified as swaps or futures, which could affect how the IRS taxes these contracts.

Independent legal experts say the matter remains unresolved, and the classification of perpetual futures could have significant implications for taxation. The uncertainty surrounding the classification of these contracts may lead to changes in how they are taxed by the IRS.

Source: CoinDesk ↗