比特幣是加密貨幣領域的最高資產

比特幣是加密貨幣部門的最高資產，也是美國監管機構和法院作為商品的普遍定義

The Commodity Futures Trading Commission (CFTC) is seeking public comments on the potential for around-the-clock trading of derivatives, an ability already executed by firms in the bitcoin and other digital assets sectors.

商品期貨貿易委員會（CFTC）正在尋求公眾評論衍生品的潛力，這是該公司在比特幣和其他數字資產領域已經執行的能力。

The agency's request, issued Monday, comes as Congress works to finalize a bill setting forth the industry's rules, largely placing the CFTC in charge of crypto market oversight.

該機構的要求週一發布的是，國會致力於最終確定該行業規定的法案，這在很大程度上使CFTC負責加密市場的監督。

Though the agency's request doesn't explicitly discuss digital assets, it does note that "technological advancements and market demand" are pushing CFTC-regulated firms toward being able to handle transactions at all times.

儘管該機構的要求沒有明確討論數字資產，但它確實指出，“技術進步和市場需求”正在推動CFTC調節的公司始終能夠處理交易。

“As I have long said, the CFTC must take a forward-looking approach to shifts in market structure to ensure our markets remain vibrant and resilient while protecting all participants,” said Acting Chairman Caroline Pham.

代理董事長卡羅琳·帕姆（Caroline Pham）說：“正如我長期以來的說法，CFTC必須採取一種前瞻性的方法來進行市場結構的轉變，以確保我們的市場在保護所有參與者的同時保持活力和韌性。”

President Donald Trump appointed Pham to run the agency while it awaits the Senate confirmation of its chairman nominee, Brian Quintenz.

唐納德·特朗普（Donald Trump）總統任命PHAM在等待參議院委員Brian Quintenz的參議院確認時經營該機構。

Trading without downtime presents a host of challenges for U.S. markets unaccustomed to it, according to the request, including "what governance frameworks, exchange staffing models and technologies would be necessary to ensure market integrity and operational resilience, as well as compliance with all core principles, under a continuous trading model." Such an expansion would require firms to handle live maintenance and technology patches and human monitoring of the systems and markets during the extended hours, issues already long dealt with by digital assets operations.

根據該要求，沒有停機時間的交易對美國市場提出了許多不始終挑戰的挑戰，其中包括“哪些治理框架，交換人員配備模型和技術對於確保市場完整性和運營彈性以及遵守所有核心原則，在連續的交易模型下都是必要的。”這樣的擴展將要求公司在延長的時間內處理實時維護和技術補丁以及對系統和市場的人類監控，這已經由數字資產運營處理了很長的問題。

The CFTC would still need a change in law before it could have direct authority over actual spot-market trading of bitcoin and other tokens that aren't eventually categorized as securities, which would get SEC oversight. If the agency is ultimately a major regulator of trading and of the platforms and firms that handle customers' transactions, that's a space in which 24/7 activity is already the model.

CFTC仍需要改變法律，然後才能直接對比特幣和其他最終沒有被歸類為證券的現場市場交易的直接授權，這將受到SEC的監督。如果該機構最終是交易的主要監管機構，以及處理客戶交易的平台和公司，那麼這是24/7活動已經成為模型的空間。