Crypto as Capitalism 2.0, Not Just Web 3.0, Says Industry Leader
- Mert Mumtaz, CEO of Helius, argues that crypto enhances capitalism by enabling decentralized information flow and immutable property rights.
- The SEC and CFTC are exploring the establishment of 24/7 capital markets in the U.S., marking a shift from traditional market hours.
- Proposals include regulatory frameworks for perpetual futures contracts and event prediction markets to modernize financial systems.
- Tokenization of assets like stocks and real estate is gaining traction, with companies like Robinhood launching tokenized stock trading.
- The Solana Foundation has outlined a roadmap to develop internet capital markets through the year 2027.
Mumtaz emphasizes that labeling crypto as “Web 3.0” diminishes its potential to revolutionize capitalism itself. The SEC and CFTC’s initiatives could further integrate digital assets into traditional finance.
As discussions on tokenization and continuous trading evolve, the landscape of finance may significantly change by aligning with an always-on global economy.(Source)
