
AiCoin|Sep 06, 2025 01:14
[U.S. SEC and CFTC Propose 24/7 Trading in Traditional Financial Markets to Adapt to Digital Asset Development]
Paul Atkins, Chairman of the U.S. Securities and Exchange Commission (SEC), and Caroline Pham, Acting Chair of the Commodity Futures Trading Commission (CFTC), proposed a plan in a joint statement aimed at supporting the development of digital asset markets, suggesting that traditional financial markets implement "24/7 trading." This policy would allow stock exchanges to break free from the current weekday trading time restrictions to accommodate the continuous activity of markets such as cryptocurrency, gold, and foreign exchange. Since 1985, U.S. securities markets have adhered to strict trading schedules, and this proposal could signify a major shift.
Additionally, the two chairs suggested loosening restrictions on the innovation of event contracts in prediction markets and promoting the free trading of perpetual derivative contracts between securities and commodity exchanges. They also proposed establishing an "innovation exemption" for DeFi protocols offering spot cryptocurrency and perpetual derivative contract trading to foster the development of related technologies. These proposals align with the Trump administration's previous report advocating for the relaxation of cryptocurrency trading restrictions.
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