CFTC Removes Old Crypto Collateral Rules, Launches Pilot for BTC, ETH, USDC

The CFTC (U.S. derivatives regulator) will allow Bitcoin, Ethereum, and USD Coin to be used as collateral in derivatives under a new pilot program.

BTC
ETH
USDC

Summary

No Summary provided as the original text is short

Terms & Concepts
  • CFTC: The Commodity Futures Trading Commission, a U.S. government agency regulating derivatives markets, including futures, options, and swaps.
  • Collateral: Assets pledged by a borrower to secure a loan or other financial obligations, in this case digital currencies used in derivatives markets.
  • Derivatives: Financial contracts whose value is derived from the performance of underlying assets, such as cryptocurrencies.