CFTC Chairman Selig says markets must prepare for ‘mass tokenization’
CFTC Chairman Michael Selig said on 22 September that U.S. markets need to be ready for mass tokenization, onchain finance, and 24/7 trading. The CFTC also added certain payment stablecoins issued by national trust banks to its eligible collateral list in February and said it plans further steps to encourage stablecoin adoption.
What this rests on
What it means
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Markets, trading venues, and firms that use stablecoins are the ones that would notice this first. The February collateral-list change already gives certain payment stablecoins a formal role in CFTC settings, and the broader push toward mass tokenization and 24/7 trading sets the frame for what those firms have to watch next.
What changes in practice is the set of financial-market features now being discussed at the same time: tokenization, onchain finance, and continuous trading. What stays the same is that the details are still limited to stated plans and readiness calls, not a completed market redesign or a new operating rule for all participants. (per theblock.co)
Market reaction
We track BTC, but we only have 1 price point in that window. The series is stored every half hour, so newer events will have it. Computing it from two points would not be a reaction, it would be a coincidence.
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Crypto News Australia
context
Has this happened before?
Nothing comparable yet.