Crypto Markets Expand Trading Hours Amidst Regulatory Challenges for Stablecoins
Crypto Markets Expand Trading Hours Amidst Regulatory Challenges for Stablecoins
Recent developments indicate the crypto market's growing influence on traditional finance, exemplified by the introduction of weekend S&P 500 trading through crypto-linked products. This innovative step offers continuous market access, diverging from standard Wall Street hours. Concurrently, the stablecoin sector faces significant regulatory headwinds in Washington, with discussions suggesting that deposit insurance protection may be restricted to bank-issued tokens, potentially excluding many payment stablecoins from this crucial safeguard.
Crypto Opens Weekend S&P 500 Trading
For decades, the benchmark for US risk lived on US time. S&P 500 opened at 9:30 a.m. Eastern and closed at 4:00 p.m., with premarket whispers and after-hours fragments filling the gaps. On Mar. 18, that constraint began to crack. S&P Dow Jones Indices licensed the S&P 500 to Trade[XYZ] to launch the first officially […]
The post Crypto just opened S&P 500 trading for the weekend while Wall Street shuts down appeared first on CryptoSlate.
Stablecoins Face Insurance Protection Loss
The stablecoin debate in Washington is increasingly becoming a fight over a single question: who gets to keep deposit insurance on-chain? FDIC Chair Travis Hill signaled that payment stablecoins under the GENIUS Act should not qualify for pass-through insurance, while tokenized deposits that meet the legal definition of a deposit would retain the same insurance […]
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