The U.S. Commodity Futures Trading Commission (CFTC) is exploring the potential for around-the-clock derivatives trading, reflecting the continuous nature of digital asset markets like bitcoin. As the leading cryptocurrency and a recognized commodity under U.S. law, bitcoin already trades 24/7, a model the CFTC may expand to other regulated derivatives products.
In a public comment request issued Monday, the CFTC pointed to "technological advancements and market demand" driving pressure for nonstop trading. Although the request doesn't specifically mention digital assets, the implications are clear as crypto markets continue to influence broader financial trends.
Acting CFTC Chair Caroline Pham, appointed by President Donald Trump, emphasized a proactive approach to evolving market structures. “The CFTC must take a forward-looking approach to ensure markets remain vibrant and resilient while protecting participants,” she said.
However, the transition to 24/7 trading brings operational and regulatory hurdles. The CFTC highlights the need for robust governance, continuous staffing, reliable technology maintenance, and real-time market oversight to maintain integrity and compliance under a nonstop trading model.
While the CFTC currently lacks statutory authority over spot-market crypto trading, a change in law could expand its jurisdiction beyond derivatives. Such a move would position the agency to oversee more aspects of crypto market infrastructure, especially as digital assets increasingly operate on a 24/7 basis—unlike traditional U.S. markets.
The comment period signals growing regulatory interest in aligning U.S. financial markets with the pace and structure of the crypto sector, where platforms and traders expect constant availability. As Congress continues to debate broader crypto legislation, the CFTC’s move could be a key step toward modernizing regulatory frameworks to meet market realities.
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