Wu Blockchain has learned that the U.S. Commodity Futures Trading Commission (CFTC) announced it will halt the Chicago Mercantile Exchange (CME) from launching 24/7 crude oil futures contracts through the self-certification process. CFTC Chairman Michael Selig stated that regulators are still evaluating whether implementing around-the-clock trading for different asset classes complies with the Commodity Exchange Act and core regulatory principles. He also noted that CME pushing forward with the product during the public comment period is “completely inappropriate.” The CFTC will continue to review the product through the formal approval process, and CME is prohibited from launching the contract until the review is complete. Previously, CME had planned to launch a 24/7 mini crude oil futures contract this August to align with the trend of round-the-clock trading. https://www.(wublock123.com)/news/cftc-halts-cme-24-7-crude-oil-futures-launch-64336