The US considers opening the financial market 24/7 to keep up with the crypto pace

The US Securities and Exchange Commission (#SEC ) along with the Commodity Futures Trading Commission (CFTC) has proposed the "24/7 Markets" policy, allowing the US stock market to operate continuously, instead of being limited to business hours as it has been for over a century.

According to SEC Chairman Paul Atkins and Acting Chair #CFTC Caroline Pham, this move aims to adapt to the reality of the global economy, where markets like crypto, gold, and foreign exchange are always active. Regulators emphasize that extending trading hours will help the US keep pace with the development of digital assets.

Additionally, the SEC and CFTC have also proposed a series of more crypto-friendly initiatives: easing regulations for prediction markets, allowing perpetual contracts – which are popular on international crypto exchanges, and opening a "innovation exception" for DeFi protocols.

However, experts warn that these reforms could be risky, giving a significant advantage to crypto businesses compared to traditional finance (TradFi). Some are concerned that the "super-app" model – where users can trade stocks, crypto, futures, and staking on the same platform – poses many dangers if lacking oversight.

The proposals will continue to be discussed in the roundtable meeting on 29/09. If implemented, this could be a turning point bringing crypto closer to traditional finance right here in the US.

⚠️ Investing in crypto always carries high risks and may not be suitable for everyone. #anh_ba_cong