CFTC啟動了試點計劃，以探索受管制衍生品市場中的令牌非現金抵押品

根據2月7日的公告，商品期貨交易委員會（CFTC）啟動了一項試點計劃，以探索受監管的衍生品市場內的令牌非現金抵押品，包括Stablecoins。

The Commodity Futures Trading Commission (CFTC) has announced a pilot program to explore the use of tokenized non-cash collateral, including stablecoins, within regulated derivatives markets, according to a Feb. 7 statement.

根據2月7日的一份聲明，商品期貨交易委員會（CFTC）宣布了一項試點計劃，以探討在受監管的衍生品市場內使用令牌化的非現金抵押品，包括穩定的抵押品。

The initiative will be launched by the CFTC’s Global Markets Advisory Committee (GMAC), which is sponsored by Acting Chairman Caroline Pham. The GMAC’s Digital Asset Markets Subcommittee previously issued a recommendation advocating for the expanded use of non-cash collateral via distributed ledger technology.

該計劃將由CFTC的全球市場諮詢委員會（GMAC）發起，該委員會由代理主席Caroline Pham贊助。 GMAC的數字資產市場小組委員會先前發布了一項建議，倡導通過分佈式分類帳技術擴大非現金抵押品的使用。

The pilot program aligns with Pham's prior proposal to establish a regulatory sandbox under the CFTC's supervision, which she argued would enhance liquidity and competition in the US crypto industry. During a speech in September 2023, Pham highlighted the potential of such an environment to foster the growth of compliant digital asset markets and tokenization.

該試點計劃與Pham先前提出的在CFTC的監督下建立監管沙箱的提議相吻合，她認為這將增強美國加密貨幣行業的流動性和競爭。在2023年9月的演講中，Pham強調了這種環境的潛力，以促進合規數字資產市場和令牌化的增長。

The CFTC will engage industry leaders, market participants, regulatory experts, and public interest groups in public roundtables to address market structure and innovation challenges, with discussions focusing on affiliated entities, conflicts of interest, prediction markets, and digital assets.

CFTC將在公共圓桌會議中吸引行業領導者，市場參與者，監管專家和公共利益集團，以應對市場結構和創新挑戰，討論著重於附屬實體，利益衝突，預測市場和數字資產。

Pham has emphasized the opportunities and risks presented by technological advancements, which require careful oversight to protect markets and participants. The initiative aims to facilitate informed decision-making by gathering diverse perspectives on pressing topics.

Pham強調了技術進步帶來的機遇和風險，這些進步需要仔細監督以保護市場和參與者。該倡議旨在通過收集有關緊迫主題的不同觀點來促進明智的決策。

Over the coming months, the CFTC will conduct a series of public roundtables on market structure and innovation challenges, covering topics such as affiliated entities, conflicts of interest, prediction markets, and digital assets.

在接下來的幾個月中，CFTC將對市場結構和創新挑戰進行一系列公共圓桌會議，涵蓋關聯實體，利益衝突，預測市場和數字資產等主題。

The CFTC will engage industry leaders, market participants, regulatory experts, and public interest groups in these discussions, which are crucial for the Commission to gain a comprehensive understanding of these rapidly evolving markets.

CFTC將參與行業領導者，市場參與者，監管專家和公共利益集團參與這些討論，這對於委員會對這些迅速發展的市場的全面了解至關重要。

As Acting Chair Caroline Pham has noted, technological advancements are presenting a "renaissance in markets" that brings both opportunities and risks, demanding careful oversight to protect markets and participants.

正如代理主席卡羅琳·帕姆（Caroline Pham）指出的那樣，技術進步正在展示“市場上的複興”，既帶來機遇和風險，又要求仔細監督以保護市場和參與者。

This initiative by the Cntraller will help to ensure that the CFTC has the expert analysis and public input needed to develop a sound regulatory framework for digital asset markets.

CNTRALLER的這項倡議將有助於確保CFTC具有為數字資產市場開發合理的監管框架所需的專家分析和公眾投入。