The acting chairman of the Commodity Futures Trading Commission (CFTC) has announced a new digital asset pilot program to enhance its monitoring and reporting.
Stakeholders, including Ripple’s Jack McDonald, have disclosed that the initiative would lead to greater capital efficiency.
The Commodity Futures Trading Commission (CFTC) has commenced a pilot program that would see digital assets used for collateral in the derivative market. In the announcement made by the acting chairman of the Commission, Caroline D. Pham, the digital asset pilot program was said to include Bitcoin (BTC), Ethereum (ETH), and USDC.
The Details of the CFTC Initiative
It can be recalled that Chairman Pham unveiled a tokenized collateral initiative in September, marking a significant step towards the Commission’s effort to implement recommendations in the president’s Working Group on Digital Asset Markets.
Today’s guidance is meant to complement this by ensuring that the CFTC regulation is techn
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