Crypto as Capitalism 2.0: Beyond Web 3.0
Mert Mumtaz, CEO of remote procedure call (RPC) node provider Helius, challenges the common characterization of cryptocurrency as simply “Web 3.0.” He argues that this label underestimates crypto’s broader impact, which he describes as a fundamental transformation of capitalism itself.
According to Mumtaz, crypto enhances all critical elements required for capitalism to operate effectively: decentralized and free-flowing information, immutable property rights, aligned incentives, transparency, and seamless capital movement. He stated, “Crypto’s endgame will be that it fundamentally evolves the most impactful human invention of all time: capitalism. We said crypto was Web 3.0, but that undermines it — it is actually capitalism 2.0.”
Regulatory Momentum Toward 24/7 Capital Markets
In a significant development, the U.S. Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) issued a joint statement in September signaling potential reforms aimed at establishing continuous, 24/7 capital markets in the United States. This would mark a major departure from the traditional financial system, which typically halts trading during nights, weekends, and holidays.
The agencies proposed modernizing measures including perpetual futures contracts—derivatives without expiration—and regulatory frameworks for event prediction markets. The statement emphasized that certain markets like foreign exchange, gold, and cryptocurrencies already trade nonstop, and expanding trading hours could better reflect the demands of a global, always-on economy.
Tokenization and the Future of Digital Finance
The regulatory push aligns with industry trends toward integrating traditional finance with blockchain technology. Tokenization enables a broad range of real-world assets—stocks, fiat currencies via stablecoins, bonds, private credit, art, collectibles, and real estate—to be represented digitally on blockchains.
For example, the Solana Foundation released a roadmap targeting the development of internet capital markets through 2027. Similarly, brokerage platforms such as Robinhood have begun offering tokenized stock trading, initially for European users, signaling growing convergence between digital asset technology and conventional financial markets.
These initiatives indicate a gradual migration of the legacy financial system onto digital rails, potentially reshaping how capital is accessed, traded, and regulated worldwide.
FinOracleAI — Market View
The recognition of crypto as a transformative evolution of capitalism, combined with active regulatory efforts to enable 24/7 capital markets, is likely to drive increased institutional interest and liquidity in digital assets. The push toward tokenization of real-world assets and integration with traditional finance suggests expanding market depth and accessibility. However, regulatory uncertainties and technological adoption risks remain. Market participants should monitor regulatory developments closely and assess infrastructure readiness as key factors influencing momentum.
Impact: positive
