US CFTC to Issue Guidance Clarifying Registration Rules for Foreign Trading Platforms

Jinse Finance reported that crypto journalist Eleanor Terrett stated, "The U.S. Commodity Futures Trading Commission (CFTC) is about to issue guidance clarifying its Foreign Board of Trade (FBOT) registration rules, providing a legal pathway for non-U.S. trading platforms to allow U.S. users to trade on their platforms. Acting Chair Caroline D. Pham said this is a way to 'bring crypto activities back to the U.S.', as such activities had previously moved offshore due to enforcement regulation during the Biden era, while also reaffirming the regulatory framework that has existed since the 1990s. For U.S. traders, this means legal access to more global liquidity; for the crypto industry, this is another step toward regulatory clarity and a move under the Trump administration's 'crypto sprint' strategy."