The CFTC supported blockchain for managing trading collateral in the derivatives market, improving efficiency and reducing costs, with the potential for expanding asset types 💼

The CFTC supported blockchain as a tool for managing collateral in the derivatives market, emphasizing its potential for transferring assets in real-time without intermediaries, reducing costs and increasing accessibility. CFTC Commissioner Caroline Pham highlighted the importance of legal clarity for unlocking the full potential of digital assets. In the future, with the arrival of the Trump administration, there could be a shift in the CFTC's approach to cryptocurrencies, and Summer Mersinger is seen as a candidate for the agency's leadership position.