CFTC Report: Recognizing the Use of Blockchain to Manage Trading Collateral in the US Derivatives Market

Odaily Planet Daily News: According to a report by the Global Market Advisory Committee of the Commodity Futures Trading Commission (CFTC) on November 21, the CFTC has recognized the use of blockchain to manage trading collateral in the US derivatives market. The report points out that blockchain can solve the challenges of traditional derivative trading and expand the types of collateral assets, and its network can transfer collateral assets in real time. Trump may appoint a pro cryptocurrency commissioner to lead the CFTC. In addition, there will be leadership changes in the SEC, as there have been signs of accepting tokenized assets as collateral for transactions. （Cointelegraph）