U.S. Derivatives Watchdog Weighs 24/7 Action With Crypto Oversight on Horizon
From Yahoo Finance: 2025-04-21 19:43:00
The Commodity Futures Trading Commission (CFTC) is considering opening the wider world of derivatives to around-the-clock trading for bitcoin and other digital assets, seeking public comments on the matter.
While the CFTC is positioning itself as a crypto market regulator, its invitation for comments does not explicitly discuss digital assets oversight, citing technological advancements and market demand as driving factors.
Acting Chairman Caroline Pham emphasizes the need for a forward-looking approach to market shifts, as the CFTC navigates potential challenges of continuous trading, such as governance frameworks, staffing models, and operational resilience.
The CFTC would require a change in law to have direct authority over spot-market trading of bitcoin and tokens not classified as securities, potentially becoming a major regulator of trading activities and customer transactions in a 24/7 model.
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