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The U.S. Commodity Futures Trading Commission (CFTC) has unveiled an initiative aimed at exploring the possibilities of using tokenized collateral and stablecoins in the derivatives markets.

In her speech, the interim head of the CFTC, Caroline Pham, emphasized that distributed ledger technology has great potential for transformation. According to Pham, the financial infrastructure is currently undergoing a period of natural evolution, where tokenization sets new, more effective standards. The CFTC has asked market participants and other interested parties to provide their ideas and comments by October 20th.

These changes are based on the GENIUS Law, which was approved by the presidential administration earlier this year. This law introduces unified requirements for companies issuing stablecoins and defines their position in the financial markets.
In the field of digital assets, there is unanimous support for the introduction of regulatory measures.

Representatives of Circle, the company that issues the USDC stablecoin, emphasize the consistency of the new regulations with the provisions of the GENIUS law. The management of Coinbase considers this initiative strategically important for the development of asset tokenization. Ripple experts pay attention to the possibility of increasing transaction transparency, while Tether focuses on the stability of the stablecoin system.

The introduction of new rules will provide legal clarity for all market participants and open up new prospects for the use of blockchain technologies in the financial sector.