LATEST: 🇺🇸 Former Barclays CEO Bob Diamond says the CLARITY Act will deliver 24/7 trading, instant settlement, and a "permanent record in perpetuity" at a fraction of the cost of TradFi.

What happened

Former Barclays CEO Bob Diamond announced that the CLARITY Act will enable continuous (24/7) trading, immediate settlement of trades, and a permanent digital record, all at a lower cost than traditional finance systems.

Confirmed

Global impact / market context

If true, the act could lower transaction costs, speed up trade finality, and improve data transparency, making markets more efficient for investors and issuers alike.

Analyst inference

Current market infrastructure relies on batch processing and overnight settlement, which can be costly and slow; a shift to real‑time, always‑on trading would represent a significant modernization of the financial system.

Analyst inference

What to watch

1. Legislative progress of the CLARITY Act, including any amendments or approvals by regulators, which will determine if the proposed changes can be implemented. Proposed
2. Adoption by exchanges and clearing houses of 24/7 trading and instant settlement technology, indicating practical rollout of the act’s concepts. Proposed
3. Cost comparisons between the new system and existing traditional finance (TradFi) settlement processes, which will reveal the claimed expense advantage. Proposed

Evidence

• x.com