CFTC OFFICIALLY ALLOWS THE USE OF BTC, ETH, USDC AS COLLATERAL
The U.S. Commodity Futures Trading Commission (CFTC) has launched a pilot program allowing BTC, ETH, and USDC to be used as collateral, equivalent to cash or U.S. government bonds, in the official derivatives market.
At the same time, the CFTC has issued a simplified set of rules for the use of tokenized assets (such as T-bills), aimed at increasing legal clarity and protecting investors.
In the initial phase, derivatives companies can accept crypto as collateral but must report weekly for 3 months, allowing the CFTC to monitor systemic risk and ensure safe operations.
Essentially, this is a significant step in making crypto a legally recognized collateral asset within the traditional U.S. financial infrastructure.
