The CFTC's move is quite interesting, classifying some perpetual contracts as "foreign futures," and giving Coinbase the green light to use customer crypto assets as collateral—regulatory frameworks are gradually coming together, and the line between DeFi and TradFi is becoming increasingly blurred.

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Crypto World News reports that the CFTC Market Participants Division has confirmed that some crypto perpetual contracts can be classified as "foreign futures." At the same time, the CFTC has issued a no-action letter to Coinbase Financial Markets, allowing it to use customer digital assets and stablecoins as collateral under certain conditions to trade related products through the affiliated platform Deribit.
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