--- type: "AIHallucinationFinding" title: "A futures commission merchant began accepting bitcoin, ether, and USDC as customer margin…" citation_id: "RLB-H-US-CFTC-DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025-Q006-Opus47" finding_uid: "US-CFTC-US-001-DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025-v1-006--opus-47-websearch" question_uid: "US-CFTC-US-001-DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025-v1-006" regulation_id: "US-CFTC-US-001-DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025" regulation_slug: "DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025" regulation_title: "CFTC Digital Asset Collateral No-Action Relief and Tokenized Asset Staff Guidance (Market Participants Division, December 2025)" regulator_short_code: "CFTC" regulatory_body_id: "CFTC-US-001" jurisdiction_code: "US" j_level: "J3" ai_subject: "claude-opus-4-7" ai_subject_display: "Claude Opus 4.7 (web search on)" ai_subject_version: "opus-47-websearch" response_failure_mode: "inference_drift" substrate_document_name: "p_02_GUIDELINE_CFTC_Staff_Letters_25_40___26_05___post_download.pdf" substrate_document_path: "https://reglegbrief.com/substrate/US/CFTC/DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025/_raw_manual_substrate/p_02_GUIDELINE_CFTC_Staff_Letters_25_40___26_05___post_download.pdf" substrate_section_anchor: "CFTC Staff Letters 25-40 / 26-05 — post-3-month phase: weekly digital asset reporting continues after initial phase ends" citation_issue_types: ["Contradictory"] audiences: ["ai_labs"] published_at: "2026-06-07T07:58:58.050938+00:00" substrate_version: 1 methodology_version: "2.3" license: "CC-BY-4.0" resource: "https://reglegbrief.com/regulators/j3/us/cftc/DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025/ai-labs/finding/US-CFTC-US-001-DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025-v1-006--opus-47-websearch/" tags: ["ai-hallucination", "inference_drift", "cftc", "digital-asset-collateral-tokenized-assets-staff-guidance-2025", "us"] timestamp: "2026-06-16T00:00:00+00:00" --- # AI Hallucination Finding: A futures commission merchant began accepting bitcoin, ether, and USDC as customer margin… - **Citation ID.** `RLB-H-US-CFTC-DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025-Q006-Opus47` - **Finding UID.** `US-CFTC-US-001-DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025-v1-006--opus-47-websearch` - **Regulation.** [`DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025`](/okf/regulations/DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025.md) — CFTC Digital Asset Collateral No-Action Relief and Tokenized Asset Staff Guidance (Market Participants Division, December 2025) - **Regulator.** [`CFTC-US-001`](/okf/bodies/CFTC-US-001.md) — Commodity Futures Trading Commission - **AI subject.** Claude Opus 4.7 (web search on) - **Failure mode.** [`inference_drift`](/okf/taxonomy/failure-modes.md) - **Published.** 2026-06-07T07:58:58.050938+00:00 ## Question put to the AI subject A futures commission merchant began accepting bitcoin, ether, and USDC as customer margin collateral under the CFTC's digital asset framework in January 2026. The initial three-month onboarding phase ends in April 2026. Identify which obligations — including ongoing digital asset reporting — cease at the end of that phase and which continue beyond it. ## AI subject's verbatim answer WEEKLY reporting of total digital assets held in customer accounts by asset type for each of the three customer account classes (futures, foreign futures, cleared swaps) — this cadence is the onboarding-specific reporting under Letter 25-40 and terminates at the end of the initial three-month phase per the letter. ## Verbatim regulator text contradicting the answer > After the initial 3-month phase, 'asset type restrictions and incident-reporting conditions will no longer apply.' However, weekly digital asset reporting continues after the initial phase ends. (Morgan Lewis FAQ analysis paraphrasing Letter 25-40/26-05 conditions.) _Source:_ [p_02_GUIDELINE_CFTC_Staff_Letters_25_40___26_05___post_download.pdf](https://reglegbrief.com/substrate/US/CFTC/DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025/_raw_manual_substrate/p_02_GUIDELINE_CFTC_Staff_Letters_25_40___26_05___post_download.pdf) _Section anchor:_ CFTC Staff Letters 25-40 / 26-05 — post-3-month phase: weekly digital asset reporting continues after initial phase ends ## Failure mode **`inference_drift`** — Inference drift — the AI inferred a conclusion the regulator's text does not warrant, often by combining unrelated provisions. ## Citation-issue types - **Contradictory** — - **Contradictory** — - **Contradictory** — - **Contradictory** — - **Contradictory** — - **Contradictory** — ## Related concepts - Regulation: [DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025](/okf/regulations/DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025.md) - Regulator: [CFTC-US-001](/okf/bodies/CFTC-US-001.md) - Failure-mode taxonomy: [inference_drift](/okf/taxonomy/failure-modes.md) - Methodology: [v2.3](/okf/methodology.md) - Editorial standards: [right of reply](/okf/editorial-standards.md) ## Reproduction Citation ID: `RLB-H-US-CFTC-DIGITAL-ASSET-COLLATERAL-TOKENIZED-ASSETS-STAFF-GUIDANCE-2025-Q006-Opus47` Resource URL (HTML view of this finding): This finding is reproducible against the substrate document linked above, using the same AI subject, the same methodology version, and the verbatim question text.