Page 26 - 期货和衍生品行业监管动态（2026年2月）
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期货和衍生品行业监管动态
on certain requirements applicable to futures commission merchants that accept
non-securities digital assets, including payment stablecoins, as customer margin
collateral and hold certain proprietary payment stablecoins in segregated customer
accounts.
After issuing the letter, division staff became aware that payment stablecoins that
otherwise meet the definition in the letter may be issued by a national trust bank. The
division did not intend to exclude national trust banks as issuers and determined to
reissue CFTC Letter 25-40 with an expanded definition of “payment stablecoin.”
“During President Trump’s initial term, the Office of the Comptroller of the
Currency made history by chartering the first national trust banks with authority to
custody and issue payment stablecoins. These national trust banks continue to play an
important role in the payment stablecoin ecosystem,” said Chairman Michael S. Selig.
“I’m pleased that the CFTC staff is amending its previously issued no-action letter to
expand the list of eligible tokenized collateral to include payment stablecoins issued
by these institutions. With the enactment of the GENIUS Act and the CFTC’s new
eligible collateral framework, America is the global leader in payment stablecoin
innovation.”
https://www.cftc.gov/PressRoom/PressReleases/9180-26
7. 美国期货业协会取消位于密歇根州的公司 Spartan Asset Group LLC 会员资
格并禁止其重新申请成为会员（2026 年 2 月 11 日）
美国期货业协会（NFA）要求位于密歇根州的商品交易顾问会员 Spartan Asset
Group LLC（Spartan）退出 NFA 会员资格，且不得重新申请成为会员。
该决定由 NFA 听证小组根据 NFA 商业行为委员会（BCC）发布的控告书及
Spartan 提交的和解申请作出，Spartan 在和解申请中既不承认也不否认控告书中
的指控。控告书指控 Spartan 使用了该公司已经知道或者应当知道存在缺陷的推
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