Gate News bot message, the chairman of the SEC, Paul Atkins, and the acting chair of the Commodity Futures Trading Commission, Caroline Pham, recently issued a joint statement proposing several measures to support Crypto Assets. Among the most notable is the suggestion to implement "24/7 trading" in traditional financial markets to align the U.S. economy with the operational rhythm of the digital asset market.
This proposal means that exchanges may achieve continuous online trading. Since 1985, Wall Street has followed a strict trading schedule. The two chairpersons believe it is necessary to adjust existing policies to keep pace with the around-the-clock active markets such as Crypto Assets, gold, and foreign exchange.
In addition, they proposed to relax the restrictions on prediction market event contracts, allowing perpetual derivative contracts to be freely traded between securities and commodity exchanges, and to establish an "innovation exemption" for DeFi protocols that provide spot Crypto Assets and perpetual derivative contract trading. These proposals echo the report released by the Trump administration in July that relaxed restrictions on Crypto Assets trading.
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The US SEC and CFTC proposed to implement round-the-clock trading in financial markets.
Gate News bot message, the chairman of the SEC, Paul Atkins, and the acting chair of the Commodity Futures Trading Commission, Caroline Pham, recently issued a joint statement proposing several measures to support Crypto Assets. Among the most notable is the suggestion to implement "24/7 trading" in traditional financial markets to align the U.S. economy with the operational rhythm of the digital asset market.
This proposal means that exchanges may achieve continuous online trading. Since 1985, Wall Street has followed a strict trading schedule. The two chairpersons believe it is necessary to adjust existing policies to keep pace with the around-the-clock active markets such as Crypto Assets, gold, and foreign exchange.
In addition, they proposed to relax the restrictions on prediction market event contracts, allowing perpetual derivative contracts to be freely traded between securities and commodity exchanges, and to establish an "innovation exemption" for DeFi protocols that provide spot Crypto Assets and perpetual derivative contract trading. These proposals echo the report released by the Trump administration in July that relaxed restrictions on Crypto Assets trading.