US CFTC Rules Bring Tokenized Treasuries Inside Customer Funds — Your Bitcoin Can Already Count as Margin, With a 20% Haircut
Your Bitcoin can already count as margin at a qualifying US futures broker. But how much counts? In specified customer-account calculations, the haircut is generally at least 20%. That means a $100,000 crypto holding can contribute just $80,000 of recognized collateral value before its market price falls. Now the CFTC has clarified another part of the plumbing: how tokenized versions of permitted investments fit inside the rules governing customer funds. For American traders, the useful question is what your broker can accept, what it can do with customer cash, and how quickly your collateral cushion can shrink. ...