Helius CEO Mert Mumtaz argued that labeling crypto as “Web 3.0”, the third layer of the internet enabling permissionless digital ownership, downplays its true importance.
According to Mumtaz, crypto doesn’t just add a new layer to the web; it transforms the foundations of capitalism itself. He explained that the technology enhances the core principles that make capitalism work: decentralized information flow, immutable property rights, aligned incentives, transparency, and seamless capital movement.
“Crypto’s ultimate destination is to reshape what I consider humanity’s most powerful invention: capitalism. Calling it Web 3.0 undersells its role, it is really capitalism 2.0.”
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US Regulators Consider 24/7 Capital Markets
In September, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint statement hinting at the potential creation of 24/7 capital markets.
If implemented, this would mark a major departure from the traditional financial system, which currently operates only during business hours and closes at night, on weekends, and for most holidays.
The regulators also outlined other modernization steps, including frameworks for perpetual futures contracts, futures without expiry dates, and rules for event prediction markets.
“Certain markets, including foreign exchange, gold, and crypto assets, already trade continuously. Further expanding trading hours could better align U.S. markets with the evolving reality of a global, always-on economy,” the joint statement noted.
Such measures would not only bring traditional markets closer to digital assets but also shift the legacy financial system toward internet-based capital markets through digital rails, including the tokenization of real-world assets on blockchains.
