TechFlow news, December 9 — According to TheBlock, Caroline Pham, acting chair of the U.S. Commodity Futures Trading Commission (CFTC), announced the launch of a "Digital Assets Pilot Program" that allows certain cryptocurrencies to be used as collateral in derivatives markets.
The pilot program will initially be limited to Bitcoin, ETH, and the stablecoin USDC. Pham stated that embracing responsible innovation ensures U.S. markets remain global leaders and helps unlock economic growth in the United States. Futures Commission Merchants (FCMs) participating in the crypto collateral program will be required to report weekly the total amount of digital assets held in customer accounts, including futures and cleared swaps, and to report any significant operational or system issues affecting digital asset collateral.
