CFTC to Clarify Foreign Trading Platform Registration Rules

According to BlockBeats, the U.S. Commodity Futures Trading Commission (CFTC) is set to release guidance on the registration rules for Foreign Board of Trade (FBOT) platforms. This move aims to provide a legal pathway for non-U.S. trading platforms to allow American users to trade on their platforms. Acting Chair Caroline D. Pham stated that this initiative seeks to bring crypto activities back to the United States, which had previously moved abroad due to regulatory enforcement during the Biden administration. She emphasized the longstanding regulatory framework that has been in place since the 1990s. For U.S. traders, this development means legal access to more global liquidity. For the crypto industry, it represents another step towards regulatory clarity and aligns with the Trump administration's "crypto sprint" strategy.