CFTC staff FAQ sets crypto collateral haircuts: 20% for BTC/ETH, 2% for payment stablecoins

CFTC staff on Friday released an FAQ explaining how futures commission merchants, clearinghouses and swap dealers can operationally use digital assets as derivatives collateral under existing staff no-action guidance. The document aligns capital charges with recent SEC haircut guidance, applying a minimum 20% charge to bitcoin and ether and a 2% charge to payment stablecoins, while limiting how FCMs can use crypto in segregated customer accounts.