The Commodity Futures Trading Commission (CFTC) announced on Thursday that it is aligning with President Donald Trump’s agenda to welcome back crypto investors in the United States. The CFTC’s division of market oversight issued an advisory to the foreign board of trade (FBOT) regarding crypto exchanges not legally registered in the U.S.
According to CFTC’s FBOT, investors in the United States can now trade with crypto exchanges not registered in the country but regulated in other jurisdictions. This change will enable offshore crypto exchanges to gradually return to the United States.
Acting Chairman Caroline Pham stated, “Today’s FBOT advisory provides the regulatory clarity needed to legally onshore trading activity that was driven out of the United States. By reaffirming the CFTC’s approach to provide U.S. traders with choice and access to global markets, American companies have a path back to U.S. markets.”
CFTC Joins SEC in Clear Crypto Regulations
The CFTC has been implementing clear regulations through its Crypto Sprint initiative, similar to the SEC’s Project Crypto, making crypto investing in the U.S. easier. The market has attracted more institutional investors seeking to hedge against inflation.
U.S.-registered crypto companies are listing digital assets not issued in the country, and corporate entities are implementing crypto treasury strategies to hedge against inflation.