The Commodity Futures Trading Commission (CFTC) has released a set of FAQs to clarify its guidance on tokenized collateral (25-39) and digital asset margin no-action positions (26-05). The document specifies valuation and risk discount principles for using Bitcoin, Ethereum, and payment stablecoins as collateral. The CFTC's guidelines align with the Securities and Exchange Commission (SEC) framework, emphasizing the need for liquidity, custody segregation, and risk management systems.