CFTC Allows Bitcoin, Ether, USDC as Collateral

The Commodity Futures Trading Commission (CFTC) has approved Bitcoin, Ether, and USDC as collateral for derivatives trades, marking a significant integration of cryptocurrency into US finance. This decision, part of a pilot project, applies to various financial players and covers tokenized versions of US Treasury bonds and money market funds. The CFTC has set clear requirements for these assets, and industry experts welcome the move for its potential to boost liquidity and facilitate international investment. Additionally, CFTC-regulated exchanges can now trade spot crypto on derivatives exchanges, further expanding the agencys influence in the crypto world.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.