CFTC启动了试点计划，以探索受管制衍生品市场中的令牌非现金抵押品

根据2月7日的公告，商品期货交易委员会（CFTC）启动了一项试点计划，以探索受监管的衍生品市场内的令牌非现金抵押品，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.

根据2月7日的一份声明，商品期货交易委员会（CFTC）宣布了一项试点计划，以探讨在受监管的衍生品市场内使用令牌化的非现金抵押品，包括稳定的抵押品。

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.

该计划将由CFTC的全球市场咨询委员会（GMAC）发起，该委员会由代理主席Caroline Pham赞助。 GMAC的数字资产市场小组委员会先前发布了一项建议，倡导通过分布式分类帐技术扩大非现金抵押品的使用。

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.

该试点计划与Pham先前提出的在CFTC的监督下建立监管沙箱的提议相吻合，她认为这将增强美国加密货币行业的流动性和竞争。在2023年9月的演讲中，Pham强调了这种环境的潜力，以促进合规数字资产市场和令牌化的增长。

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将在公共圆桌会议中吸引行业领导者，市场参与者，监管专家和公共利益集团，以应对市场结构和创新挑战，讨论着重于附属实体，利益冲突，预测市场和数字资产。

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强调了技术进步带来的机遇和风险，这些进步需要仔细监督以保护市场和参与者。该倡议旨在通过收集有关紧迫主题的不同观点来促进明智的决策。

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.

在接下来的几个月中，CFTC将对市场结构和创新挑战进行一系列公共圆桌会议，涵盖关联实体，利益冲突，预测市场和数字资产等主题。

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将参与行业领导者，市场参与者，监管专家和公共利益集团参与这些讨论，这对于委员会对这些迅速发展的市场的全面了解至关重要。

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.

正如代理主席卡罗琳·帕姆（Caroline Pham）指出的那样，技术进步正在展示“市场上的复兴”，既带来机遇和风险，又要求仔细监督以保护市场和参与者。

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的这项倡议将有助于确保CFTC具有为数字资产市场开发合理的监管框架所需的专家分析和公众投入。