Rep. French Hill’s name may or may not end up on any of the final bills that become cryptocurrency laws in the US, but he was the one who pushed for it.
By jesse hamilton|Edited by Cheyenne Ligon
Updated December 8, 2025, 3:47 p.m. Published December 8, 2025, 3:00 p.m.
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CFTC launches digital asset pilot allowing Bitcoin, Ether and USDC as collateral
Acting President Caroline Pham has unveiled a first-of-its-kind US program to allow tokenized collateral in derivatives markets, citing “clear guardrails” for companies.
what to know:
- The CFTC has launched a pilot program allowing BTC, ETH, and USDC to be used as collateral in US derivatives markets.
- The program is intended for approved futures commission traders and includes strict custody, reporting and monitoring requirements.
- The agency also issued updated guidance for tokenized assets and removed outdated restrictions following the GENIUS Act.
