US EditionBTC, ETH, USDC as Collateral in CFTC Crypto Pilot
The CFTC pilot permits bitcoin, ether, and USD Coin as derivatives collateral with weekly disclosures required for the first three months, enhancing market transparency and risk management.
- On Monday, the Commodity Futures Trading Commission launched a pilot allowing bitcoin , ether , and USD Coin as collateral in U.S. derivatives markets.
- Earlier this year, the Commodity Futures Trading Commission withdrew 2020 guidance and federal legislation under the GENIUS Act updated rules to allow stablecoins and tokenized assets as collateral.
- Eligible futures commission merchants and registered firms may accept BTC, ETH and USDC as margin, provided they meet strict reporting, custody rules, and weekly disclosures for the first three months.
- Coinbase Chief Legal Officer Paul Grewal praised the Commodity Futures Trading Commission's pilot, with the agency emphasizing operational and custody risks for tokenized Treasuries.
- This change positions tokenized collateral to alter margin and custody arrangements, with enhanced CFTC monitoring and reporting increasing near-term compliance burdens for market participants.
39 Articles
39 Articles
CFTC Deepens Crypto Push With Approval of Derivatives Collateral
The Commodity Futures Trading Commission will allow Bitcoin, Ether, and the dollar-pegged stablecoin USDC to be used as collateral for derivatives trades, a decision that pushes crypto deeper into the plumbing of US finance.
Digital Assets Gain Clear Regulatory Guidance With CFTC Pilot Program Launch
CFTC launches pilot program allowing BTC, ETH, and USDC collateral. Guidance is provided for tokenized assets, including treasuries and funds. Outdated CFTC rules withdrawn under recently enacted GENIUS Act. The pilot program enforces monitoring, reporting, and risk management requirements. The Commodity Futures Trading Commission has announced a new pilot program that will include the utilization of certain digital assets for the purpose of act…
CFTC's Pilot for Digital Asset Collateral is 'Massive'
Caroline Pham, acting chairman of the Commodity Futures Trading Commission, said in statement that the U.S regulator is launching a digital assets pilot program for certain digital assets to be used as collateral in derivatives markets and that establishes clear guardrails to protect customer assets and provides enhanced CFTC monitoring and reporting. Pham said: “The CFTC is also providing regulatory clarity through tokenized collateral guidance…
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