This is getting seriously whack. I'm not like it.
- The CFTC has launched a pilot program allowing bitcoin as collateral in U.S. derivatives markets.
- Only approved futures commission merchants can participate, with strict reporting and custody requirements.
- The move follows the GENIUS Act and removes previous restrictions on digital asset collateral.
The U.S. Commodity Futures Trading Commission (CFTC) has initiated a groundbreaking pilot program that allows approved futures commission merchants to use bitcoin as collateral in U.S. derivatives markets.The move marks a significant regulatory shift, providing clearer rules and oversight for tokenized collateral in the financial sector.