{"id":1614,"date":"2026-06-11T03:45:17","date_gmt":"2026-06-10T22:15:17","guid":{"rendered":"https:\/\/stnews.live\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program-2\/"},"modified":"2026-06-11T03:45:17","modified_gmt":"2026-06-10T22:15:17","slug":"cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program","status":"publish","type":"post","link":"https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/","title":{"rendered":"Regulaci\u00f3n de derivados cripto de la CFTC explicada: orientaci\u00f3n 2026, programa piloto"},"content":{"rendered":"\n<p class=\"has-small-font-size\" style=\"font-size:0.85em;color:#666\"><em>Este art\u00edculo es solo para fines informativos y no constituye asesoramiento financiero o de inversi\u00f3n. Los mercados de criptomonedas son altamente vol\u00e1tiles. Siempre haga su propia investigaci\u00f3n antes de tomar decisiones de inversi\u00f3n.<\/em><\/p>\n\n\n<p>Actualizaciones recientes sobre la regulaci\u00f3n de <a href=\"https:\/\/stnews.live\/regulation\/\" rel=\"noopener\">derivados<\/a> de criptomonedas de la CFTC: En 2026, el panorama de la regulaci\u00f3n de derivados de criptomonedas de la CFTC entra en una nueva fase. La gu\u00eda finalmente aclara el colateral de activos digitales mientras que el volumen anual de negociaci\u00f3n de derivados alcanza los 7.5 billones de d\u00f3lares, seg\u00fan Morgan Lewis. Las reglas actualizadas ahora especifican exactamente qu\u00e9 activos digitales califican como colateral, trazando una l\u00ednea firme entre materias primas y valores.<\/p>\n\n\n<p>Las acciones conjuntas de la CFTC y la SEC est\u00e1n brindando m\u00e1s certeza a las instituciones, ya que las reglas de elegibilidad, los requisitos de informes y los cargos de capital est\u00e1n tomando forma a trav\u00e9s de preguntas frecuentes detalladas y cartas oficiales del personal.<\/p>\n\n\n<p>La Comisi\u00f3n de Comercio de Futuros de Materias Primas (CFTC), establecida en 1974, act\u00faa como la agencia de EE. UU. para futuros y opciones. Ahora supervisa los derivados de activos digitales, seg\u00fan Merkle Science. Esa autoridad proviene de la Ley de Intercambio de Materias Primas y se centra en una misi\u00f3n clave: prevenir el abuso del mercado, el fraude y asegurarse de que el comercio se mantenga l\u00edquido y ordenado.<\/p>\n\n\n<p>Como se\u00f1ala Morgan Lewis, <a href=\"https:\/\/www.cftc.gov\/PressRoom\/SpeechesTestimony\/opamcginley1\" rel=\"nofollow noopener\">la CFTC<\/a> act\u00faa como el regulador principal de los derivados de activos digitales, como futuros u opciones de bitcoin y ether. Cada intercambio que lista estos productos debe cumplir con estrictos requisitos de informes, duras expectativas de divulgaci\u00f3n y los robustos est\u00e1ndares de gesti\u00f3n de riesgos establecidos por la CFTC.<\/p>\n\n\n<p>Billones de d\u00f3lares fluyen a trav\u00e9s de estos mercados diariamente, un volumen que, seg\u00fan Morgan Lewis, pone cada estrategia de negociaci\u00f3n bajo los requisitos de capital impuestos por la CFTC. Mientras que <a href=\"https:\/\/www.sec.gov\/cgi-bin\/browse-edgar?action=getcompany&amp;CIK=0001679788&amp;type=8-K\" rel=\"nofollow noopener\">la SEC<\/a> a\u00fan reclama autoridad sobre algunos tokens, la claridad regulatoria generalmente se logra a trav\u00e9s de comunicados interpretativos conjuntos de la SEC-CFTC y cartas de no acci\u00f3n. Estos comunicados legales definen qu\u00e9 derivados se listan y establecen los protocolos de margen que cada intercambio debe seguir. Por lo tanto, las empresas deben equilibrar los est\u00e1ndares superpuestos de ambas agencias para lograr el cumplimiento; la armon\u00eda regulatoria est\u00e1 avanzando, aunque est\u00e1 lejos de ser garantizada.<\/p>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\" \/>\n\n\n<h2 class=\"wp-block-heading\">Gu\u00eda reciente sobre la regulaci\u00f3n de derivados de criptomonedas de la CFTC explicada<\/h2>\n\n\n<p>La Divisi\u00f3n de Participantes del Mercado (MPD) de la CFTC y la Divisi\u00f3n de Compensaci\u00f3n y Riesgo (DCR) publicaron respuestas a 11 preguntas frecuentes sobre la regulaci\u00f3n de derivados de criptomonedas el 20 de marzo de 2026, seg\u00fan Morgan Lewis. Este movimiento proporcion\u00f3 la hoja de ruta de cumplimiento m\u00e1s completa hasta ahora para EE. UU.<\/p>\n\n\n<p>Las preguntas frecuentes de marzo de 2026 aclaran que solo las criptomonedas \u201cno seguras\u201d, como bitcoin, ether, ciertos stablecoins de pago, junto con algunos fondos de mercado monetario tokenizados, pueden contarse como colateral de margen elegible, seg\u00fan Morgan Lewis y como se requiere para la regulaci\u00f3n de derivados de criptomonedas de la CFTC. Los FCM deben usar recortes basados en riesgos al valorar el colateral de activos digitales, y est\u00e1n obligados a presentar avisos de cumplimiento electr\u00f3nicos a la MPD, detallando cada medida.<\/p>\n\n\n<p>Esta gu\u00eda ampliada se basa en el programa de armonizaci\u00f3n SEC-CFTC de enero de 2026, que aline\u00f3 las reglas de riesgo y capital para derivados digitales, seg\u00fan Latham &amp; Watkins. Al alinear los enfoques, las instituciones principales ahora navegan con menos incertidumbre regulatoria. Seg\u00fan los analistas, esta claridad representa un gran avance para la estabilidad del mercado.<\/p>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\" \/>\n\n\n<h2 class=\"wp-block-heading\">Esenciales de la gu\u00eda sobre colateral tokenizado bajo la regulaci\u00f3n de la CFTC<\/h2>\n\n\n<p>La Carta del Personal de la CFTC 25-39, publicada en diciembre de 2025 y actualizada a la Carta del Personal 26-05 a principios de 2026, trajo requisitos estrictos para el colateral tokenizado en derivados digitales, seg\u00fan Morgan Lewis. Las cartas del personal confirmaron que los stablecoins de pago, bitcoin, ether y ciertos fondos de mercado monetario tokenizados califican como colateral de margen, pero solo si superan las rigurosas pruebas de la CFTC.<\/p>\n\n\n<p>Cada activo digital aceptado como colateral est\u00e1 sujeto a un recorte basado en riesgos, reduciendo su valor para ayudar a amortiguar la volatilidad, como describe Morgan Lewis. Antes de utilizar la Carta del Personal 26-05, los FCM deben presentar electr\u00f3nicamente a la MPD. Si un FCM utiliza sus propios stablecoins de pago, enfrentar\u00e1 un cargo de capital m\u00ednimo del 2%. Las posiciones de bitcoin y ether llevan un cargo de capital m\u00ednimo del 20% debido a las mayores oscilaciones de precios, como se especifica en la Regulaci\u00f3n 1.17(c)(5)(ii) de la CFTC en alineaci\u00f3n con la regulaci\u00f3n de derivados de criptomonedas de la CFTC.<\/p>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\" \/>\n\n\n<h2 class=\"wp-block-heading\">Cripto no segura como margen: Regulaci\u00f3n de derivados de la CFTC explicada<\/h2>\n\n\n<p>A partir de principios de 2026, los FCM que cumplan con la Carta del Personal 26-05 pueden contar criptomonedas no seguras de clientes, como bitcoin y ether, para margen, despu\u00e9s del recorte, para cubrir d\u00e9ficits de cuenta, seg\u00fan Morgan Lewis.<\/p>\n\n\n<p>Los FCM est\u00e1n obligados a notificar electr\u00f3nicamente a la MPD antes de tratar los activos digitales como colateral, seg\u00fan Morgan Lewis, haciendo que la pista regulatoria sea transparente bajo la regulaci\u00f3n de derivados de la CFTC explicada. La aceptaci\u00f3n de criptomonedas no seguras como margen permite a las empresas optimizar el margen de manera m\u00e1s flexible que solo con efectivo y bonos del Tesoro. Los cargos de capital m\u00ednimos no cambian: 2% para stablecoins, 20% para bitcoin y ether.<\/p>\n\n<blockquote class=\"twitter-tweet\"><p dir=\"ltr\" lang=\"en\">La empresa matriz de Kraken <a href=\"https:\/\/x.com\/Payward?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@Payward<\/a> est\u00e1 adquiriendo <a href=\"https:\/\/x.com\/Bitnomial?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">@Bitnomial<\/a> &#8211; la primera empresa de derivados completamente licenciada por la CFTC en EE. UU. construida para activos digitales. Construida para cripto desde cero.<br \/><br \/>El margen al contado, los perpetuos y las opciones llegar\u00e1n a Kraken bajo la regulaci\u00f3n de la CFTC.<a href=\"https:\/\/t.co\/IBLotDkqQF\" rel=\"nofollow noopener\">https:\/\/t.co\/IBLotDkqQF<\/a><\/p>\u2014 Kraken (@krakenfx) <a href=\"https:\/\/x.com\/krakenfx\/status\/2045123327576965252?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">17 de abril de 2026<\/a><\/blockquote>\n\n\n\n<p>Este cambio regulatorio brinda a los traders institucionales m\u00e1s opciones, permitiendo a los principales creadores de mercado aumentar la liquidez en los derivados digitales, como explica Morgan Lewis. Si otros activos cripto se vuelven elegibles para margen depender\u00e1 de los resultados del programa piloto y de qu\u00e9 tan bien los intermediarios cumplan con la regulaci\u00f3n de derivados de criptomonedas de la CFTC explicada en las cartas actuales.<\/p>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\" \/>\n\n\n<h2 class=\"wp-block-heading\">Programa piloto para colateral de activos digitales: Regulaci\u00f3n de derivados de criptomonedas de la CFTC<\/h2>\n\n\n<p>En primavera de 2026, la CFTC introdujo su Carta de No Acci\u00f3n sobre Colateral de Activos Digitales. Lanzando un programa piloto de tres meses para que los FCM acepten selectos activos digitales (stablecoins de pago, bitcoin y ether) como margen, seg\u00fan informa Morgan Lewis. El verdadero objetivo es una prueba de estr\u00e9s: \u00bfpueden los protocolos de riesgo, operaciones y cumplimiento mantenerse firmes antes de una adopci\u00f3n m\u00e1s amplia bajo la regulaci\u00f3n de derivados de criptomonedas de la CFTC explicada en los programas piloto?<\/p>\n\n\n<p>Los FCM en el piloto asumen pruebas de estr\u00e9s de solvencia y liquidez las 24 horas, mientras trabajan con grupos autorregulatorios para aumentar la fortaleza operativa, seg\u00fan la CFTC. Solo los activos digitales m\u00e1s estables y l\u00edquidos pasan este corte, lo que significa que las principales monedas de pago, bitcoin y ether est\u00e1n permitidas por ahora.<\/p>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\" \/>\n\n\n<h2 class=\"wp-block-heading\">Marco interpretativo de la SEC y la CFTC para la regulaci\u00f3n de derivados de criptomonedas<\/h2>\n\n\n<p>El 17 de marzo de 2026, la SEC y la CFTC emitieron un comunicado interpretativo conjunto, descrito por Latham &amp; Watkins.<\/p>\n\n\n<p>El comunicado detalla c\u00f3mo se clasifican los activos, utilizando la prueba de contrato de inversi\u00f3n, las ganancias anticipadas y la presencia de control centralizado, seg\u00fan Latham &amp; Watkins.<\/p>\n\n\n<hr class=\"wp-block-separator has-alpha-channel-opacity is-style-wide\" \/>\n\n\n<h2 class=\"wp-block-heading\">Iniciativas de supervisi\u00f3n estrat\u00e9gica m\u00e1s amplias en la regulaci\u00f3n de derivados de criptomonedas de la CFTC<\/h2>\n\n\n<p>El 2 de junio de 2026, la SEC emiti\u00f3 su Borrador de Plan Estrat\u00e9gico para 2026\u20132030, como confirma Latham &amp; Watkins.<\/p>\n\n\n<p>El plan borrador tiene como objetivo la supervisi\u00f3n de riesgos cibern\u00e9ticos, fallos del sistema y nuevas vulnerabilidades \u00fanicas dentro de redes descentralizadas. Creando un alto est\u00e1ndar de cumplimiento para el mercado de derivados de criptomonedas, seg\u00fan Latham &amp; Watkins. Se aplican est\u00e1ndares m\u00e1s estrictos para el cumplimiento, la vigilancia y la protecci\u00f3n del cliente a los FCM, c\u00e1maras de compensaci\u00f3n y otros intermediarios del mercado. Seg\u00fan CFTC vs. SEC: Navegando la Superposici\u00f3n Regulatoria en el Cripto&#8230;, la modernizaci\u00f3n se est\u00e1 acelerando, la presi\u00f3n est\u00e1 aumentando y la asociaci\u00f3n regulatoria SEC-CFTC se est\u00e1 convirtiendo en est\u00e1ndar. La presi\u00f3n definitivamente est\u00e1 aumentando bajo la regulaci\u00f3n combinada de derivados de criptomonedas de la CFTC y la supervisi\u00f3n de la SEC.<\/p>\n\n<blockquote class=\"twitter-tweet\"><p dir=\"ltr\" lang=\"en\">El giro de Perps de Kalshi: Por qu\u00e9 los mercados de predicci\u00f3n se est\u00e1n convirtiendo en intercambios de derivados<br \/><br \/>La aprobaci\u00f3n de la CFTC del BTCPERP de Kalshi el 29 de mayo de 2026 se\u00f1ala un giro hacia los perpetuos cripto regulados, con vol\u00famenes de 85.3 billones de d\u00f3lares en 2025 atrayendo a creadores de mercado a la costa.<a href=\"https:\/\/t.co\/C3aJh6LNi9\" rel=\"nofollow noopener\">https:\/\/t.co\/C3aJh6LNi9<\/a><\/p>\u2014 Crypto Daily\u2122 (@cryptodailyuk) <a href=\"https:\/\/x.com\/cryptodailyuk\/status\/2060749190808932601?ref_src=twsrc%5Etfw\" rel=\"nofollow noopener\">30 de mayo de 2026<\/a><\/blockquote>\n\n\n\n<p>Seg\u00fan la &#8216;Carrera Cripto&#8217; Reguladora de EE. UU. Contin\u00faa mientras la CFTC reforma&#8230;, las empresas que ahora lanzan plataformas de activos digitales enfrentan un momento crucial a medida que los pilotos regulatorios, el compromiso de la agencia y la innovaci\u00f3n en cadena se combinan para dar forma a su futuro, seg\u00fan Latham &amp; Watkins.<\/p>\n\n\n<h3 class=\"wp-block-heading\">Alcance de los productos de derivados de criptomonedas regulados por la CFTC explicado<\/h3>\n\n\n<p>La CFTC regula futuros de materias primas, opciones y swaps vinculados a bitcoin, ether y una variedad de otros activos digitales. Las bolsas de EE. UU. lanzaron futuros de bitcoin liquidados en efectivo a finales de 2017.<\/p>\n\n\n<p>Sin embargo, cada nuevo producto cripto pasa por una gu\u00eda estricta y una revisi\u00f3n directa de la CFTC, como confirma la CFTC. La aprobaci\u00f3n depende de igualar la liquidez real de negociaci\u00f3n con una gesti\u00f3n de riesgos vigorosa, todo verificado antes del lanzamiento. Simplemente no hay atajos aqu\u00ed seg\u00fan la regulaci\u00f3n de derivados de criptomonedas de la CFTC explicada en las auditor\u00edas m\u00e1s recientes.<\/p>\n\n\n<figure class=\"wp-block-table\"><table>\n<thead>\n<tr>\n<th>Activo Cripto<\/th>\n<th>Elegibilidad de Margen<\/th>\n<th>Cargo de Capital<\/th>\n<th>Fuente de Gu\u00eda<\/th>\n<\/tr>\n<\/thead>\n<tbody>\n<tr>\n<td>Bitcoin\/Ether<\/td>\n<td>S\u00ed (como no valores)<\/td>\n<td>20% min.<\/td>\n<td>26-05 \/ 1.17(c)(5)(ii)<\/td>\n<\/tr>\n<tr>\n<td>Stablecoin de Pago<\/td>\n<td>S\u00ed (como no seguro)<\/td>\n<td>2% min.<\/td>\n<td>26-05<\/td>\n<\/tr>\n<tr>\n<td>MMF Tokenizado<\/td>\n<td>S\u00ed (fondos selectos)<\/td>\n<td>n\/a<\/td>\n<td>25-39 \/ 26-05<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/figure>\n\n\n<p>Seg\u00fan Morgan Lewis, el panorama de cumplimiento para los derivados de criptomonedas en EE. UU. cambia constantemente, impulsado por auditor\u00edas frescas, nueva aplicaci\u00f3n y cambios en los protocolos de colateral digital. Las empresas no tienen m\u00e1s remedio que mantenerse al d\u00eda con las cartas del personal regulatorio en evoluci\u00f3n y las iniciativas piloto si quieren seguir siendo competitivas.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Regulaci\u00f3n de derivados de criptomonedas de la CFTC explicada, incluyendo las reglas de colateral de 2026, detalles del programa piloto y orientaci\u00f3n de la SEC-CFTC. Comprenda el marco regulatorio ahora.<\/p>\n","protected":false},"author":5,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_yoast_wpseo_focuskw":"CFTC crypto derivatives regulation explained","_yoast_wpseo_metadesc":"CFTC crypto derivatives regulation explained, including 2026 collateral rules, pilot program details, and SEC-CFTC guidance. Understand the regulatory framework now.","rank_math_description":"CFTC crypto derivatives regulation explained, including 2026 collateral rules, pilot program details, and SEC-CFTC guidance. Understand the regulatory framework now.","rank_math_focus_keyword":"CFTC crypto derivatives regulation explained","_stn_article_citation":"","_stn_article_about":"","_stn_article_speakable":"","footnotes":""},"categories":[314,8],"tags":[57],"class_list":["post-1614","post","type-post","status-publish","format-standard","hentry","category-regulacion","category-regulation","tag-cftc"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Regulaci\u00f3n de derivados cripto de la CFTC explicada: ori\u2026<\/title>\n<meta name=\"description\" content=\"CFTC crypto derivatives regulation explained, including 2026 collateral rules, pilot program details, and SEC-CFTC guidance. Understand the regulatory framework now.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Regulaci\u00f3n de derivados cripto de la CFTC explicada: orientaci\u00f3n 2026, programa piloto\" \/>\n<meta property=\"og:description\" content=\"CFTC crypto derivatives regulation explained, including 2026 collateral rules, pilot program details, and SEC-CFTC guidance. Understand the regulatory framework now.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/\" \/>\n<meta property=\"og:site_name\" content=\"STnews\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/stnews\" \/>\n<meta property=\"article:published_time\" content=\"2026-06-10T22:15:17+00:00\" \/>\n<meta name=\"author\" content=\"Elena Petrova\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/stnews.live\/app\/uploads\/stn-default-og.png\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/x.com\/epetrova_law\" \/>\n<meta name=\"twitter:site\" content=\"@stnews_live\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Elena Petrova\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"9 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":[\"Organization\",\"NewsMediaOrganization\"],\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/#organization\\\/\",\"name\":\"STnews\",\"alternateName\":[\"ST News\",\"STnews\",\"stnews.live\",\"STnews.live\",\"STN\",\"S T News\",\"\u0421\u0422\u043d\u044c\u044e\u0441\",\"\u30a8\u30b9\u30c6\u30a3\u30fc\u30cb\u30e5\u30fc\u30b9\",\"\u0625\u0633 \u062a\u064a \u0646\u064a\u0648\u0632\"],\"url\":\"https:\\\/\\\/stnews.live\\\/es\\\/\",\"description\":\"STnews is an independent digital crypto-news platform covering Bitcoin, Ethereum, stablecoins, DeFi, regulatory developments, and on-chain intelligence in 8 languages. Live prices on 250+ coins, editorial analysis, daily briefings, and AI-grounded research.\",\"logo\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/stnews.live\\\/app\\\/uploads\\\/stnews-logo-1200x630.png\"},\"sameAs\":[\"https:\\\/\\\/x.com\\\/stnews\",\"https:\\\/\\\/www.linkedin.com\\\/company\\\/stnews\",\"https:\\\/\\\/twitter.com\\\/stnews_live\",\"https:\\\/\\\/x.com\\\/stnews_live\",\"https:\\\/\\\/t.me\\\/stnews_live\",\"https:\\\/\\\/www.youtube.com\\\/@stnews\",\"https:\\\/\\\/github.com\\\/stnews-live\",\"https:\\\/\\\/www.crunchbase.com\\\/organization\\\/stnews\"],\"areaServed\":{\"@type\":\"Place\",\"name\":\"Worldwide\"},\"knowsLanguage\":[\"en\",\"es\",\"ru\",\"tr\",\"uk\",\"ar\",\"fr\",\"pt\"],\"ethicsPolicy\":\"https:\\\/\\\/stnews.live\\\/es\\\/ethics-policy\\\/\",\"diversityPolicy\":\"https:\\\/\\\/stnews.live\\\/es\\\/editorial-guidelines\\\/\",\"correctionsPolicy\":\"https:\\\/\\\/stnews.live\\\/es\\\/corrections\\\/\",\"masthead\":\"https:\\\/\\\/stnews.live\\\/es\\\/team\\\/\",\"foundingDate\":\"2023-06\",\"publishingPrinciples\":\"https:\\\/\\\/stnews.live\\\/es\\\/editorial-guidelines\\\/\",\"actionableFeedbackPolicy\":\"https:\\\/\\\/stnews.live\\\/es\\\/corrections\\\/\",\"verificationFactCheckingPolicy\":\"https:\\\/\\\/stnews.live\\\/es\\\/editorial-guidelines\\\/\",\"unnamedSourcesPolicy\":\"https:\\\/\\\/stnews.live\\\/es\\\/editorial-guidelines\\\/\",\"legalName\":\"STnews Media\",\"slogan\":\"Independent crypto news, live prices, and on-chain intelligence.\",\"knowsAbout\":[\"Bitcoin\",\"Ethereum\",\"Cryptocurrency\",\"Blockchain\",\"Stablecoin\",\"Decentralized Finance\",\"Non-fungible token\",\"Web3\",\"Cryptocurrency exchange\",\"On-chain analytics\",\"ETF flows\",\"Halving\",\"Tokenomics\",\"Layer 2 scaling\",\"Spot Bitcoin ETF\"],\"foundingLocation\":{\"@type\":\"Place\",\"name\":\"Tallinn, Estonia\"},\"missionCoveragePrioritiesPolicy\":\"https:\\\/\\\/stnews.live\\\/es\\\/editorial-guidelines\\\/\",\"ownershipFundingInfo\":\"https:\\\/\\\/stnews.live\\\/es\\\/about\\\/\"},{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/2026\\\/06\\\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/2026\\\/06\\\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\\\/\"},\"author\":{\"name\":\"Elena Petrova\",\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/#\\\/schema\\\/person\\\/be18d3d32f1a5657d8c428400381db19\"},\"headline\":\"Regulaci\u00f3n de derivados cripto de la CFTC explicada: orientaci\u00f3n 2026, programa piloto\",\"datePublished\":\"2026-06-10T22:15:17+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/2026\\\/06\\\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\\\/\"},\"wordCount\":1877,\"commentCount\":0,\"keywords\":[\"CFTC\"],\"articleSection\":[\"Regulaci\u00f3n\",\"Regulation\"],\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/stnews.live\\\/es\\\/2026\\\/06\\\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/2026\\\/06\\\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\\\/\",\"url\":\"https:\\\/\\\/stnews.live\\\/es\\\/2026\\\/06\\\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\\\/\",\"name\":\"Regulaci\u00f3n de derivados cripto de la CFTC explicada: orientaci\u00f3n 2026, programa piloto\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/#website\"},\"datePublished\":\"2026-06-10T22:15:17+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/#\\\/schema\\\/person\\\/be18d3d32f1a5657d8c428400381db19\"},\"description\":\"CFTC crypto derivatives regulation explained, including 2026 collateral rules, pilot program details, and SEC-CFTC guidance. Understand the regulatory framework now.\",\"breadcrumb\":{\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/2026\\\/06\\\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\\\/#breadcrumb\"},\"inLanguage\":\"es\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/stnews.live\\\/es\\\/2026\\\/06\\\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\\\/\"]}],\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/#organization\\\/\"},\"copyrightYear\":2026,\"publisher\":{\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/#organization\\\/\"}},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/2026\\\/06\\\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/stnews.live\\\/es\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Regulaci\u00f3n de derivados cripto de la CFTC explicada: orientaci\u00f3n 2026, programa piloto\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/#website\",\"url\":\"https:\\\/\\\/stnews.live\\\/es\\\/\",\"name\":\"STnews\",\"description\":\"STnews is an independent digital crypto-news platform covering Bitcoin, Ethereum, stablecoins, DeFi, regulatory developments, and on-chain intelligence in 8 languages. Live prices on 250+ coins, editorial analysis, daily briefings, and AI-grounded research.\",\"alternateName\":[\"ST News\",\"STnews\",\"stnews.live\",\"STnews.live\",\"STN\",\"S T News\",\"\u0421\u0422\u043d\u044c\u044e\u0441\",\"\u30a8\u30b9\u30c6\u30a3\u30fc\u30cb\u30e5\u30fc\u30b9\",\"\u0625\u0633 \u062a\u064a \u0646\u064a\u0648\u0632\"],\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/stnews.live\\\/es\\\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"es\",\"publisher\":{\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/#organization\\\/\"},\"copyrightYear\":2026,\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/#organization\"}},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/#\\\/schema\\\/person\\\/be18d3d32f1a5657d8c428400381db19\",\"name\":\"Elena Petrova\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"es\",\"@id\":\"https:\\\/\\\/stnews.live\\\/app\\\/uploads\\\/2026\\\/05\\\/avatar_elena-petrova.jpg\",\"url\":\"https:\\\/\\\/stnews.live\\\/app\\\/uploads\\\/2026\\\/05\\\/avatar_elena-petrova.jpg\",\"contentUrl\":\"https:\\\/\\\/stnews.live\\\/app\\\/uploads\\\/2026\\\/05\\\/avatar_elena-petrova.jpg\",\"caption\":\"Elena Petrova\"},\"description\":\"Elena Petrova is a regulatory correspondent specializing in crypto law and policy with over 10 years of financial journalism experience. Formerly a finance reporter at Reuters, Elena covers SEC enforcement, MiCA implementation, and global stablecoin regulations. She holds a J.D. from Georgetown Law and is a member of the New York State Bar. Her regulatory analysis is frequently referenced by compliance officers and legal teams at major exchanges.\",\"sameAs\":[\"https:\\\/\\\/www.linkedin.com\\\/in\\\/elenapetrova-law\",\"https:\\\/\\\/x.com\\\/https:\\\/\\\/x.com\\\/epetrova_law\"],\"url\":\"https:\\\/\\\/stnews.live\\\/es\\\/author\\\/elena-petrova\\\/\",\"jobTitle\":\"Regulation Correspondent\",\"knowsAbout\":[\"Stablecoin News\",\"Regulation\",\"Bitcoin\"],\"worksFor\":{\"@id\":\"https:\\\/\\\/stnews.live\\\/es\\\/#organization\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Regulaci\u00f3n de derivados cripto de la CFTC explicada: ori\u2026","description":"CFTC crypto derivatives regulation explained, including 2026 collateral rules, pilot program details, and SEC-CFTC guidance. Understand the regulatory framework now.","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/","og_locale":"es_ES","og_type":"article","og_title":"Regulaci\u00f3n de derivados cripto de la CFTC explicada: orientaci\u00f3n 2026, programa piloto","og_description":"CFTC crypto derivatives regulation explained, including 2026 collateral rules, pilot program details, and SEC-CFTC guidance. Understand the regulatory framework now.","og_url":"https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/","og_site_name":"STnews","article_publisher":"https:\/\/www.facebook.com\/stnews","article_published_time":"2026-06-10T22:15:17+00:00","author":"Elena Petrova","twitter_card":"summary_large_image","twitter_image":"https:\/\/stnews.live\/app\/uploads\/stn-default-og.png","twitter_creator":"@https:\/\/x.com\/epetrova_law","twitter_site":"@stnews_live","twitter_misc":{"Written by":"Elena Petrova","Est. reading time":"9 minutes"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":["Organization","NewsMediaOrganization"],"@id":"https:\/\/stnews.live\/es\/#organization\/","name":"STnews","alternateName":["ST News","STnews","stnews.live","STnews.live","STN","S T News","\u0421\u0422\u043d\u044c\u044e\u0441","\u30a8\u30b9\u30c6\u30a3\u30fc\u30cb\u30e5\u30fc\u30b9","\u0625\u0633 \u062a\u064a \u0646\u064a\u0648\u0632"],"url":"https:\/\/stnews.live\/es\/","description":"STnews is an independent digital crypto-news platform covering Bitcoin, Ethereum, stablecoins, DeFi, regulatory developments, and on-chain intelligence in 8 languages. Live prices on 250+ coins, editorial analysis, daily briefings, and AI-grounded research.","logo":{"@type":"ImageObject","url":"https:\/\/stnews.live\/app\/uploads\/stnews-logo-1200x630.png"},"sameAs":["https:\/\/x.com\/stnews","https:\/\/www.linkedin.com\/company\/stnews","https:\/\/twitter.com\/stnews_live","https:\/\/x.com\/stnews_live","https:\/\/t.me\/stnews_live","https:\/\/www.youtube.com\/@stnews","https:\/\/github.com\/stnews-live","https:\/\/www.crunchbase.com\/organization\/stnews"],"areaServed":{"@type":"Place","name":"Worldwide"},"knowsLanguage":["en","es","ru","tr","uk","ar","fr","pt"],"ethicsPolicy":"https:\/\/stnews.live\/es\/ethics-policy\/","diversityPolicy":"https:\/\/stnews.live\/es\/editorial-guidelines\/","correctionsPolicy":"https:\/\/stnews.live\/es\/corrections\/","masthead":"https:\/\/stnews.live\/es\/team\/","foundingDate":"2023-06","publishingPrinciples":"https:\/\/stnews.live\/es\/editorial-guidelines\/","actionableFeedbackPolicy":"https:\/\/stnews.live\/es\/corrections\/","verificationFactCheckingPolicy":"https:\/\/stnews.live\/es\/editorial-guidelines\/","unnamedSourcesPolicy":"https:\/\/stnews.live\/es\/editorial-guidelines\/","legalName":"STnews Media","slogan":"Independent crypto news, live prices, and on-chain intelligence.","knowsAbout":["Bitcoin","Ethereum","Cryptocurrency","Blockchain","Stablecoin","Decentralized Finance","Non-fungible token","Web3","Cryptocurrency exchange","On-chain analytics","ETF flows","Halving","Tokenomics","Layer 2 scaling","Spot Bitcoin ETF"],"foundingLocation":{"@type":"Place","name":"Tallinn, Estonia"},"missionCoveragePrioritiesPolicy":"https:\/\/stnews.live\/es\/editorial-guidelines\/","ownershipFundingInfo":"https:\/\/stnews.live\/es\/about\/"},{"@type":"NewsArticle","@id":"https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/#article","isPartOf":{"@id":"https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/"},"author":{"name":"Elena Petrova","@id":"https:\/\/stnews.live\/es\/#\/schema\/person\/be18d3d32f1a5657d8c428400381db19"},"headline":"Regulaci\u00f3n de derivados cripto de la CFTC explicada: orientaci\u00f3n 2026, programa piloto","datePublished":"2026-06-10T22:15:17+00:00","mainEntityOfPage":{"@id":"https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/"},"wordCount":1877,"commentCount":0,"keywords":["CFTC"],"articleSection":["Regulaci\u00f3n","Regulation"],"inLanguage":"es","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/","url":"https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/","name":"Regulaci\u00f3n de derivados cripto de la CFTC explicada: orientaci\u00f3n 2026, programa piloto","isPartOf":{"@id":"https:\/\/stnews.live\/es\/#website"},"datePublished":"2026-06-10T22:15:17+00:00","author":{"@id":"https:\/\/stnews.live\/es\/#\/schema\/person\/be18d3d32f1a5657d8c428400381db19"},"description":"CFTC crypto derivatives regulation explained, including 2026 collateral rules, pilot program details, and SEC-CFTC guidance. Understand the regulatory framework now.","breadcrumb":{"@id":"https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/#breadcrumb"},"inLanguage":"es","potentialAction":[{"@type":"ReadAction","target":["https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/"]}],"copyrightHolder":{"@id":"https:\/\/stnews.live\/es\/#organization\/"},"copyrightYear":2026,"publisher":{"@id":"https:\/\/stnews.live\/es\/#organization\/"}},{"@type":"BreadcrumbList","@id":"https:\/\/stnews.live\/es\/2026\/06\/cftc-crypto-derivatives-regulation-explained-2026-guidance-pilot-program\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/stnews.live\/es\/"},{"@type":"ListItem","position":2,"name":"Regulaci\u00f3n de derivados cripto de la CFTC explicada: orientaci\u00f3n 2026, programa piloto"}]},{"@type":"WebSite","@id":"https:\/\/stnews.live\/es\/#website","url":"https:\/\/stnews.live\/es\/","name":"STnews","description":"STnews is an independent digital crypto-news platform covering Bitcoin, Ethereum, stablecoins, DeFi, regulatory developments, and on-chain intelligence in 8 languages. Live prices on 250+ coins, editorial analysis, daily briefings, and AI-grounded research.","alternateName":["ST News","STnews","stnews.live","STnews.live","STN","S T News","\u0421\u0422\u043d\u044c\u044e\u0441","\u30a8\u30b9\u30c6\u30a3\u30fc\u30cb\u30e5\u30fc\u30b9","\u0625\u0633 \u062a\u064a \u0646\u064a\u0648\u0632"],"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/stnews.live\/es\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"es","publisher":{"@id":"https:\/\/stnews.live\/es\/#organization\/"},"copyrightYear":2026,"copyrightHolder":{"@id":"https:\/\/stnews.live\/es\/#organization"}},{"@type":"Person","@id":"https:\/\/stnews.live\/es\/#\/schema\/person\/be18d3d32f1a5657d8c428400381db19","name":"Elena Petrova","image":{"@type":"ImageObject","inLanguage":"es","@id":"https:\/\/stnews.live\/app\/uploads\/2026\/05\/avatar_elena-petrova.jpg","url":"https:\/\/stnews.live\/app\/uploads\/2026\/05\/avatar_elena-petrova.jpg","contentUrl":"https:\/\/stnews.live\/app\/uploads\/2026\/05\/avatar_elena-petrova.jpg","caption":"Elena Petrova"},"description":"Elena Petrova is a regulatory correspondent specializing in crypto law and policy with over 10 years of financial journalism experience. Formerly a finance reporter at Reuters, Elena covers SEC enforcement, MiCA implementation, and global stablecoin regulations. She holds a J.D. from Georgetown Law and is a member of the New York State Bar. Her regulatory analysis is frequently referenced by compliance officers and legal teams at major exchanges.","sameAs":["https:\/\/www.linkedin.com\/in\/elenapetrova-law","https:\/\/x.com\/https:\/\/x.com\/epetrova_law"],"url":"https:\/\/stnews.live\/es\/author\/elena-petrova\/","jobTitle":"Regulation Correspondent","knowsAbout":["Stablecoin News","Regulation","Bitcoin"],"worksFor":{"@id":"https:\/\/stnews.live\/es\/#organization"}}]}},"_links":{"self":[{"href":"https:\/\/stnews.live\/es\/wp-json\/wp\/v2\/posts\/1614","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/stnews.live\/es\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/stnews.live\/es\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/stnews.live\/es\/wp-json\/wp\/v2\/users\/5"}],"replies":[{"embeddable":true,"href":"https:\/\/stnews.live\/es\/wp-json\/wp\/v2\/comments?post=1614"}],"version-history":[{"count":0,"href":"https:\/\/stnews.live\/es\/wp-json\/wp\/v2\/posts\/1614\/revisions"}],"wp:attachment":[{"href":"https:\/\/stnews.live\/es\/wp-json\/wp\/v2\/media?parent=1614"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/stnews.live\/es\/wp-json\/wp\/v2\/categories?post=1614"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/stnews.live\/es\/wp-json\/wp\/v2\/tags?post=1614"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}