CFTC Launches Crypto Pilot With BTC, ETH, USDC Driving Margin Heat

Senators engaged in bipartisan discussions regarding the anticipated crypto market structure bill, with Senator Cynthia Lummis expressing optimism for a new draft to be released soon. The discussions are aimed at finalizing the legislation before Congress adjourns for the holiday break. Lummis highlighted the urgency of progressing with the bill during a panel hosted by the Blockchain Association.

Ether's price surged by 8%, significantly outperforming Bitcoin, following BlackRock's recent filing for a staking Ether ETF. This development highlights a growing optimism in the cryptocurrency market, particularly regarding tokenization and staking opportunities.

The U.S. President's nomination of a candidate to lead the Commodity Futures Trading Commission (CFTC) appeared poised for approval in Congress until the intervention of Cameron and Tyler Winklevoss, who raised concerns about the nominee's stance on cryptocurrency regulation.

PNC Bank has introduced a new feature allowing its private clients to buy, sell, and hold bitcoin directly within their digital banking accounts, following a partnership with Coinbase. This service, first announced in July, marks a significant step in integrating cryptocurrency into traditional banking services.

The Commodity Futures Trading Commission (CFTC) has launched a pilot program allowing Bitcoin, Ether, and USDC to be used as collateral in derivatives markets, contingent upon adherence to strict reporting criteria. This initiative marks a significant step in integrating cryptocurrencies into traditional financial systems.

The Commodity Futures Trading Commission (CFTC) has launched a pilot program that permits Bitcoin to be used as collateral in regulated derivatives markets, marking a significant step in the integration of cryptocurrency into traditional financial systems.

The Commodity Futures Trading Commission (CFTC) has launched a digital asset pilot program that allows Bitcoin (BTC), Ethereum (ETH), and USDC to be used as collateral in derivatives markets. This initiative is part of the GENIUS Act aimed at integrating digital assets into traditional financial systems.

The Commodity Futures Trading Commission (CFTC) has launched a pioneering pilot program allowing the use of tokenized collateral, specifically Bitcoin, Ether, and USDC, in derivatives markets. Acting Chair Caroline Pham emphasized the establishment of clear regulatory guardrails for firms participating in this initiative.