Odaily Planet Daily News According to crypto journalist Eleanor Terrett, Caroline Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), said that all the public comment proposals received by the agency on 24/7 derivatives and perpetual contract trading only involve crypto asset products, not traditional commodities. In a speech this week, Pham pointed out that the CFTC believes that 24/7 trading has potential benefits, including the ability to respond to emergencies in real time on weekends, which is of great significance to risk managers. She cited the recent launch of Coinbase Derivatives' 24/7 Bitcoin futures as an example, saying that its weekend trading volume is already comparable to active working days. It is worth noting that the CFTC is also considering using tokenized assets and stablecoins as collateral to address credit risk issues in the 24/7 market. Regarding perpetual contracts, the CFTC confirmed that they are already traded in the U.S. market, and Bitnomial has launched Bitcoin perpetual futures in April. Some commentators want more crypto perpetual contracts to operate under U.S. regulation, citing greater efficiency and lower costs, but others warn that these contracts may not be suitable for physical commodities due to a lack of convergence and additional risks.