CFTC Staff Reissues No-Action Letter Addressing Use of Certain Digital Assets as Margin Collateral
WASHINGTON, Feb. 6, 2026 — The U.S. Commodity Futures Trading Commission’s Market Participants Division issued Staff Letter No. 26-05, a no-action position stating that staff will not recommend enforcement action regarding futures commission merchants that accept certain non-security digital assets, including qualifying payment stablecoins, as customer margin collateral and take those assets into account for undermargined determinations and segregation calculations, or deposit the FCM’s own payment stablecoins as residual interest, subject to specified conditions.
