The Commodity Futures Trading Commission has introduced a regulatory framework to allow Americans to trade legally on offshore crypto exchanges. The Division of Market Oversight released an advisory clarifying registration procedures for Foreign Boards of Trade, marking a turning point for U.S. users and exchanges.
Acting Chair Caroline Pham said the move restores clarity after years of enforcement-driven uncertainty that pushed U.S. crypto firms abroad. She emphasized that the framework ensures safety, efficiency, and expanded choice by bringing offshore exchanges under CFTC oversight.
The advisory reaffirms a process in place since the 1990s, when Americans were allowed to trade on foreign markets through FBOT registration. Now extended to digital assets, the framework paves the way for offshore platforms to serve U.S. customers legally.
Pham framed the policy as part of the CFTC’s ongoing “crypto sprint” under President Trump, positioning it as a win for market liquidity, competition, and investor protection.
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