CFTC Chair Urges Preparation for Mass Tokenization and 24/7 Trading

CFTC Chairman Michael Selig stated that U.S. financial markets must prepare for large-scale asset tokenization and 24/7 trading over the next decade. Speaking at the U.S. Treasury Market Conference, Selig noted that tokenized real-world assets could enable near-instant settlement and real-time collateral movement. The CFTC is currently exploring regulatory frameworks for continuous trading and has expanded eligible collateral to include certain payment stablecoins. While broader crypto legislation remains stalled in Congress, the agency is moving forward with guidance for continuous market operations.