Industry Groups Respond to CFTC on 24/7 Crypto Trading Feasibility
Financial trade associations ISDA and SIFMA have jointly addressed the CFTC’s inquiry into round-the-clock digital asset trading, emphasizing the need for systemic evaluation. The May 21 submission highlights critical infrastructure interdependencies spanning trading venues, clearing systems, and liquidity protocols.
Market participants must collectively assess operational challenges including after-hours collateral flows and default management. This regulatory dialogue signals growing institutional recognition of cryptocurrency markets’ continuous trading nature, though implementation requires coordinated upgrades across traditional finance frameworks.