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The Product Futures Trading Commission (CFTC) has endorsed the use of blockchain-based technologies to manage collateral for trades in derivatives in America, according to its Global Markets Advisory Committee (GMAC) on November 21. The report notes that blockchain technology, including distributed ledgers and tokenization, could address the longstanding challenges of traditional derivatives exchanges, while expanding the range of assets that can be used to collateralize transactions. Trump may appoint a pro-crypto commissioner to lead the CFTC. In addition, there will be a leadership change at the SEC, which has previously accepted tokenized assets as collateral for transactions.