比特币是加密货币领域的最高资产

比特币是加密货币部门的最高资产，也是美国监管机构和法院作为商品的普遍定义

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.

商品期货贸易委员会（CFTC）正在寻求公众评论衍生品的潜力，这是该公司在比特币和其他数字资产领域已经执行的能力。

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.

该机构的要求周一发布的是，国会致力于最终确定该行业规定的法案，这在很大程度上使CFTC负责加密市场的监督。

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.

尽管该机构的要求没有明确讨论数字资产，但它确实指出，“技术进步和市场需求”正在推动CFTC调节的公司始终能够处理交易。

“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.

代理董事长卡罗琳·帕姆（Caroline Pham）说：“正如我长期以来的说法，CFTC必须采取一种前瞻性的方法来进行市场结构的转变，以确保我们的市场在保护所有参与者的同时保持活力和韧性。”

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

唐纳德·特朗普（Donald Trump）总统任命PHAM在等待参议院委员Brian Quintenz的参议院确认时经营该机构。

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.

根据该要求，没有停机时间的交易对美国市场提出了许多不始终挑战的挑战，其中包括“哪些治理框架，交换人员配备模型和技术对于确保市场完整性和运营弹性以及遵守所有核心原则，在连续的交易模型下都是必要的。”这样的扩展将要求公司在延长的时间内处理实时维护和技术补丁以及对系统和市场的人类监控，这已经由数字资产运营处理了很长的问题。

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仍需要改变法律，然后才能直接对比特币和其他最终没有被归类为证券的现场市场交易的直接授权，这将受到SEC的监督。如果该机构最终是交易的主要监管机构，以及处理客户交易的平台和公司，那么这是24/7活动已经成为模型的空间。