The U.S. Commodity Futures Trading Commission published a set of frequently asked questions on Friday, laying out the operational rules for using crypto assets as collateral in derivatives markets. The document was issued jointly by the agency’s Market Participants Division and Division of Clearing and Risk.

The FAQ addressed questions that arose from two staff letters published in December 2025. Those letters established a pilot program allowing Bitcoin, Ether, and USDC to be posted as collateral for derivatives positions. The pilot originated from a December 2025 request involving Coinbase Financial Markets and…