According to CoinMeta, the chairman of the U.S. Commodity Futures Trading Commission (CFTC), Michael Selig, stated that regulatory authorities need to be prepared for large-scale tokenization and 24/7 trading, and to adjust the market in light of blockchain and artificial intelligence technologies. He said that the Trump administration has laid the foundation for the U.S. market to remain globally leading by embracing innovation and encouraging competition. The CFTC seeks to encourage market participants, exchanges, and clearinghouses to adopt stablecoins responsibly.