CFTC launches digital assets pilot, allowing Bitcoin and Ethereum as collateral

The Commodity Futures Trading Commission (CFTC) has initiated a digital assets pilot program that allows Bitcoin, Ether, and USDC to be used as tokenized non-cash collateral for derivatives trading. This move is a significant step toward integrating these crypto assets into regulated US financial systems under federal oversight. During the initial three-month phase, Futures Commission Merchants can accept BTC, ETH, and USDC as customer margin collateral, provided they adhere to weekly reporting and enhanced monitoring requirements set by the CFTC. Furthermore, the commission rescinded an older staff advisory that previously restricted the use of digital assets as collateral, deeming it obsolete.

(Source：Crypto Briefing)