CFTC Acting Chair Caroline Pham Clears Bitcoin, Ethereum, USDC For Use As Collateral In Derivatives Pilot

The CFTC has launched a limited pilot program that allows Bitcoin (CRYPTO: BTC), Ethereum (CRYPTO: ETH), and USDC (CRYPTO: USDC) to be used as in-kind collateral for derivatives contracts denominated in the same assets.

What Happened: Speaking on CNBC’s Squawk Box on Wednesday, acting chair Caroline Pham explained that the pilot includes strict safeguards.

Only CFTC-registered intermediaries can …

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