Crypto journalist Eleanor Terrett reported that the Commodity Futures Trading Commission (CFTC) is set to issue guidance clarifying its Foreign Board of Trade (FBOT) registration rules, providing a legal pathway for non-U.S. exchanges to allow U.S. users to trade on their platforms.

Acting Chairman Caroline D. Pham stated that this is a way to bring crypto activity "back to the U.S.," as such activities had previously flowed out due to enforcement actions during the Biden administration, while also reaffirming the regulatory framework that has been in place since the 1990s.

For U.S. traders, this means they can legally access more global liquidity; for the crypto industry, this is another step towards regulatory clarity and is also part of the Trump administration's "crypto sprint" strategy.