The U.S. Commodity Futures Trading Commission is starting an initiative to allow stablecoins as tokenized collateral to satisfy margin needs in the vast derivatives market, inviting input from the industry on how to bring such a policy online.

In the latest move toward crypto inclusion in the U.S. financial sector, the acting chief of the CFTC, Caroline Pham, continues to advance policy in the absence of President Donald Trump's current nominee to be the chairman, former Commissioner Brian Quintenz. As the confirmation process for Quintenz remains mired in delays and some open conflict, Pham has been regularly announcing initiatives as part of a "crypto sprint" and working with Securities and Exchange Commission Chairman Paul Atkins.

"For years I have said that collateral management is t

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