The Commodity Futures Trading Commission (CFTC) has issued a no-action relief, allowing digital assets to be used as collateral in derivatives markets. This move effectively lifts the restrictions imposed by Staff Advisory 20-34, which was criticized for hindering innovation by relying on outdated information and exceeding regulatory boundaries. The decision is seen as a significant step towards aligning with the goals of the President's Working Group on Financial Markets (PWG). Acting Chair Caroline D. Pham has been acknowledged for her leadership in facilitating this regulatory shift.