SEC · CoinDesk
U.S. SEC begins prepping for around-the-clock trading that crypto treats as the norm
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WASHINGTON, D.C., The U.S. Securities and Exchange Commission is delving into its plans to bring its traditional systems into the kind of 24-hour, everyday timeline native to the crypto sector, hosting a Thursday roundtable at its Washington headquarters an hour after the agency issued its order to approve tokenized securities trading.
Key facts
- CoinDesk is holding its annual Policy and Regulation summit on Sept. 22 in Washington, D.C., featuring SEC Crypto Task Force Chief Counsel Taylor Lindman
- Amid the discussion on expanding hours for traditional firms, the SEC chairman also raised the agency's new move on tokenization
- Moving the U.S. securities markets beyond their weekday, daytime tradition will involve significant adjustments, Atkins and other SEC commissioners admitted, though Commissioner Hester Peirce noted
- But the SEC is steaming toward the expansion, and Atkins said that "several needed preparations are already underway or in place
Summary
Expanding securities markets into overnight trading was the topic of a Thursday U.S. Securities and Exchange Commission roundtable, which also raised how tokenizing securities may factor into that. While traditional firms are trying to work out longer hours, one SEC commissioner noted that crypto markets "don't sleep. WASHINGTON, D.C., The U.S. "We're moving of course to a new day, and night," Paul Atkins told the crowd of securities lawyers, saying that tradeable events aren't constrained to market hours and expanding will mean "investors will be able to react more quickly to events. Amid the discussion on expanding hours for traditional firms, the SEC chairman also raised the agency's new move on tokenization.