🚀 **Crypto Collateral Coming Soon?**
- The CFTC might approve digital assets as trading collateral by year-end.
- A subcommittee recommended using blockchain-based collateral in commodities and derivatives trading.
- If approved, traders could use digital assets like BlackRock’s BUIDL token for transactions.
- This could push mainstream adoption beyond big players like BlackRock and JP Morgan.
- But, the main committee still needs to approve the proposal before it goes to the CFTC.
- Meanwhile, BlackRock’s Bitcoin ETF led a strong inflow streak in September, hinting at growing digital asset value in traditional finance.
Stay tuned for more crypto magic! ✨