[CFTC Chair: Markets Must Prepare for Large-Scale Tokenization and 24/7 Trading] According to a report by Jinse Finance, on September 23, Michael Selig, Chair of the U.S. Commodity Futures Trading Commission (CFTC), stated that regulators need to prepare for 'large-scale tokenization' and adjust existing markets to accommodate new technologies such as blockchain and artificial intelligence. Speaking at the U.S. Treasury Market Conference held by the New York Federal Reserve on Tuesday, Selig noted that with developments like tokenization, on-chain finance, and 24/7 trading, the changes in financial markets over the next decade could surpass the combined changes of the past several decades. Selig said that the entire Trump administration laid the foundation for the U.S. market to maintain its global leadership by embracing innovation, encouraging competition, and implementing reasonable regulation. The CFTC will also seek additional ways to encourage market participants, exchanges, and clearinghouses to responsibly adopt stablecoins. Over the past year, the agency has issued guidance and solicited public feedback on 24/7 trading in energy derivatives markets. In February of this year, the CFTC also included stablecoins issued by National Trust Banks as eligible collateral. Meanwhile, the CFTC's sister agency, the U.S. Securities and Exchange Commission (SEC), last week released its long-awaited 'innovation exemption,' creating space for on-chain trading of tokenized stocks. After legislation to comprehensively regulate the crypto industry stalled in the Senate, the two major agencies are each advancing their respective agendas.