CFTC's New Move: Treasury Cross-Asset Margin Requirements Relaxed, Cryptocurrency Gets One Step Closer to Mainstream Finance

【CryptoWorld】The U.S. Commodity Futures Trading Commission (CFTC) recently made a major move—expanding the scope of cross-margining for government bonds. Simply put, it allows some clients to hedge margins between government bond futures and spot government bonds, which can improve capital efficiency and increase liquidity.

CFTC Acting Chair Caroline Pham emphasized in a statement that this is aimed at optimizing risk management models. However, market observers see a deeper significance—this is a structural shift. Interestingly, this policy change could pave the way for a unified clearing ecosystem in the future. Imagine a scenario where government bonds, tokenized funds, and crypto assets collaborate within the same investment portfolio framework—such an ecosystem was once considered a pipe dream.

Even more noteworthy is that the CFTC has just launched a pilot project for digital asset collateral, allowing the use of Bitcoin, Ethereum, and USDC as collateral. When these two policies are considered together, it indicates a loosening of regulatory attitudes towards integrating crypto assets with traditional finance. This sends a significant signal to the entire industry.