CFTC Staff Letters

CFTC Staff Letters provides Letters from 2008 and later. For Letters published before 2008 visit the Letters Archive page.

PDF Description
PDF Image 26-05 Letter Type: No-Action
Division: MPD
Regulation Parts: 1.17, 1.20, 1.23, 1.32, 22.2, 22.17, 30.7
Tags: Collateral, FCM, Customer Funds
Issuance Date:
Description: Staff No-Action Position with respect to FCMs that accept certain non-securities digital assets as margin collateral and (a) take into account the value of such digital assets for purposes of certain regulatory requirements, subject to conditions or (b) deposit payment stablecoins as residual interest, subject to conditions. Note that this is a re-issuance of Staff Letter 25-40 to specify that a national trust bank may be a permitted issuer of a payment stablecoin for purposes of the no-action position taken in Letter 25-40.
See also: Request Letter
Requester(s): CFM