The Commodity Futures Trading Commission announced it will hold a CEO Forum with selected industry firms to discuss the launch of the CFTC’s digital asset markets pilot program, focused on the use of tokenized non-cash collateral such as stablecoins. Named participants include Circle, Coinbase, Crypto.com, MoonPay and Ripple. The initiative follows Acting Chairman Caroline D. Pham’s earlier proposal for a CFTC pilot program as a regulatory sandbox aimed at providing regulatory clarity for digital asset markets while maintaining guardrails. The release also notes prior CFTC experience with pilot programs and references a recommendation issued last year by the CFTC’s Global Markets Advisory Committee Digital Asset Markets Subcommittee on expanding the use of non-cash collateral through distributed ledger technology. Further details on the CEO Forum are expected once arrangements are finalized.
Commodity Futures Trading Commission 2025-02-07
United States Commodity Futures Trading Commission to convene CEO Forum on launching a digital asset pilot for tokenized non-cash collateral
The Commodity Futures Trading Commission (CFTC) will host a CEO Forum with firms like Circle and Coinbase to discuss its digital asset markets pilot program focused on tokenized non-cash collateral, such as stablecoins. This aligns with Acting Chairman Caroline D. Pham’s proposal for a regulatory sandbox to enhance clarity in digital asset markets. The program builds on previous CFTC pilot experiences and recommendations to expand non-cash collateral use via distributed ledger technology.