🔥🇺🇸 The CFTC allows the use of #BTC, #ETH, and #USDC as collateral in derivatives trading.

➤ The regulator announced the launch of a pilot program allowing the use of digital assets as collateral in derivatives trading.

➤ Only BTC, ETH, and USDC are permitted for the first three months.

➤ Rules for tokenized collateral are being introduced. This effectively moves away from the previous approach, which almost exclusively accepted traditional securities and cash as collateral.

➤ Futures market brokers are required to maintain separate records of digital collateral and submit a weekly report to the CFTC.

➤ Collateral can be stored and transferred directly on the blockchain, without traditional depositories.