"Americans deserve safe U.S. markets as an alternative to offshore platforms,"
"Today, I am launching a U.S. digital assets pilot program for tokenized collateral that establishes clear guardrails to protect customer assets and provides enhanced CFTC monitoring and reporting."
The CFTC launched a U.S. digital assets pilot program permitting Bitcoin, Ethereum and USDC to serve as collateral in regulated derivatives markets. The program provides guidance for tokenized collateral, a limited no-action framework for futures commission merchants (FCMs), and withdraws legacy restrictions following enactment of the GENIUS Act. Participating FCMs may temporarily accept a narrow set of digital assets as customer margin, must submit weekly reports for the first three months broken out by asset and account class, and must notify regulators of any material incident. The reporting requirement aims to give regulators real-time operational insight while enabling controlled market access and oversight.
Read at Bitcoin Magazine
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