The US CFTC is formulating tokenized collateral policies, expected to be introduced early next year.

Jinse Finance reported that the U.S. Congress has been attempting to grant the Commodity Futures Trading Commission (CFTC) greater direct jurisdiction over the cryptocurrency spot market. According to sources familiar with the matter, the CFTC is formulating a tokenized collateral policy expected to be introduced early next year. This policy may allow stablecoins to be used as acceptable tokenized collateral in the derivatives market, potentially starting with a pilot program at U.S. clearinghouses. The policy would also implement stricter regulations, requiring more disclosures such as position sizes, large traders and trading volumes, as well as more detailed reporting of operational events.