The Commodity Futures Trading Commission (CFTC) has launched a crypto collateral pilot program and established a CEO Innovation Council in collaboration with major exchanges and traditional finance firms. The council features leaders from Polymarket, Kraken, Gemini, and CME Group, aiming to foster blockchain innovation. The pilot program permits the use of Bitcoin, Ethereum, and USDC as margin collateral for futures trading, marking a significant step in integrating cryptocurrencies into traditional financial systems. Additionally, the CFTC has removed outdated regulations and updated guidance on tokenized collateral, underscoring its commitment to adapting regulatory frameworks to support the evolving crypto landscape.