tldr; The U.S. Commodity Futures Trading Commission (CFTC) is considering allowing digital assets as trading collateral by year-end. A subcommittee of the CFTC’s Global Markets Advisory Committee has recommended a proposal to use digital ledger technology-based collateral in commodities and derivatives trading. If approved, traders could use digital assets as collateral, potentially boosting mainstream adoption. The proposal still requires approval from the main committee and the CFTC, with possible restrictions on participants.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.
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tldr; The U.S. Commodity Futures Trading Commission (CFTC) is considering allowing digital assets as trading collateral by year-end. A subcommittee of the CFTC’s Global Markets Advisory Committee has recommended a proposal to use digital ledger technology-based collateral in commodities and derivatives trading. If approved, traders could use digital assets as collateral, potentially boosting mainstream adoption. The proposal still requires approval from the main committee and the CFTC, with possible restrictions on participants.
*This summary is auto generated by a bot and not meant to replace reading the original article. As always, DYOR.