As per Odaily, the U.S. Commodity Futures Trading Commission (CFTC) has launched a digital asset collateral pilot program, allowing BTC, ETH, and USDC to be used as compliant margin in regulated derivatives markets. The CFTC also issued regulatory guidance on tokenized collateral and revoked outdated rules rendered obsolete by the GENIUS Act. The initiative is described as a key milestone in advancing tokenized assets in regulated markets, providing a clear framework for scope, legal enforceability, custody, valuation, and risk management. For the first three months, FCMs can accept BTC, ETH, and USDC as collateral, with weekly reporting requirements. The CFTC also granted FCMs 'no-action' protection to ensure regulatory clarity and robust risk controls. Industry companies including Coinbase, Circle, and Crypto.com welcomed the move, citing benefits such as improved payment efficiency, reduced settlement friction, and enhanced capital efficiency. The CFTC stated the decision incorporated feedback from market participants, public comments, a Crypto CEO roundtable, and its Global Market Advisory Committee.
U.S. CFTC Launches Digital Asset Collateral Pilot, BTC, ETH, and USDC Approved for Derivatives Margin
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