On Friday, the US Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) unveiled a new joint initiative aimed at fostering a more robust regulatory environment for the crypto market.
Central to this initiative is a bold proposal to enable traditional financial markets to operate around the clock, a move designed to align with the digital asset landscape.
Collaborative Approach To Crypto Regulation
In their announcement , the SEC and CFTC emphasized that the crypto market necessitates a collaborative approach, particularly in the wake of their previous joint statement addressing the trading of certain spot crypto asset products.
Among the key proposals discussed is the possibility of extending trading hours for various asset classes. The SEC