CFTC Launches Exclusive Program with Cryptocurrency Companies, Including Ripple (XRP)

According to the latest development, the CFTC has launched the digital asset markets pilot program with participants including Circle, Coinbase, Cryptocom, and Ripple.

The U.S. Commodity Futures Trading Commission (CFTC) has announced the launch of a digital asset markets pilot program with participation from major industry representatives including Circle, Coinbase, Crypto.com, and Ripple. The initiative aims to explore the use of tokenized non-cash collateral such as stablecoins in regulated markets.

According to the CFTC’s official website, the agency will host a CEO Forum with executives from leading firms to discuss the pilot program. More details about the event will be announced once finalized.

CFTC Acting Chairwoman Caroline D. Pham called the initiative a milestone for U.S. digital asset markets. “I am excited to announce this groundbreaking initiative,” Pham said. “The CFTC is committed to responsible innovation. I look forward to working with market participants to deliver on the Trump Administration’s promise to ensure America leads in economic opportunity.”

Pham has previously advocated for a CFTC pilot program as a regulatory sandbox to provide clarity and safeguards for digital asset markets. The agency has a history of successful pilot programs dating back to the 1990s.

Last year, the CFTC’s Global Markets Advisory Committee, under Pham’s leadership, issued a recommendation through its Digital Asset Markets Subcommittee to expand the use of non-cash collateral through distributed ledger technology.

*This is not investment advice.