🚨NEW: Acting @CFTC Commissioner @CarolineDPham says all proposals submitted to the agency in response to its call for public comment on 24/7 derivatives & perpetuals trading have only involved crypto asset products, not traditional commodities. In a speech this week, Pham noted the agency sees potential benefits, including real-time weekend responses to unexpected events, which would be a big deal for risk managers. She pointed to @coinbase Derivatives’ recent launch of 24/7 Bitcoin futures as a key case study. Weekend trading volumes are already comparable to active weekdays, with 1,000+ traders and hundreds of thousands of contracts. Also interesting: the CFTC is looking at tokenized assets and stablecoins as collateral to address credit risk in a 24/7 market. On perpetuals, the Commission confirms that they’re already trading in U.S. markets (contrary to some reports), with @Bitnomial launching Bitcoin perpetual futures in April. Some commenters want more crypto perpetuals under U.S. oversight, citing efficiency and lower cost. Others warn they may not work well for physical commodities due to lack of convergence and added risk.