On August 29th, crypto reporter Eleanor Terrett posted that "The Commodity Futures Trading Commission (CFTC) is about to issue guidance clarifying its Foreign Board of Trade (FBOT) registration rules, providing a legal avenue for non-US trading platforms to allow US users to trade on their platforms."Acting Chairman Caroline D. Pham said this is a way to "bring crypto activity back to the US," activity that had previously flowed out due to enforcement regulations during the Biden era, while reaffirming a regulatory framework that has existed since the 1990s.For US traders, this means legal access to more global liquidity; for the crypto industry, this is another step towards regulatory clarity and a move in the Trump administration's "crypto sprint" strategy. [BlockBeats]
On August 29th, crypto reporter Eleanor Terrett posted that "The Commodity Futures Trading Commission (CFTC) is about to issue guidance clarifying its Foreign Board of Trade (FBOT) registration rules, providing a legal avenue for non-US trading platforms to allow US users to trade on their platforms."Acting Chairman Caroline D. Pham said this is a way to "bring crypto activity back to the US," activity that had previously flowed out due to enforcement regulations during the Biden era, while reaffirming a regulatory framework that has existed since the 1990s.For US traders, this means legal access to more global liquidity; for the crypto industry, this is another step towards regulatory clarity and a move in the Trump administration's "crypto sprint" strategy. [BlockBeats]
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