The U.S. CFTC will issue guidance to clarify the registration rules for foreign trading platforms.

On August 29, crypto journalist Eleanor Terrett reported that the Commodity Futures Trading Commission (CFTC) is about to issue a guidance that clarifies the registration rules for foreign trading platforms (FBOT), providing a legal avenue for non-U.S. trading platforms to allow U.S. users to trade on their platforms. Acting Chair Caroline D. Pham stated that this is a way to "bring crypto activities back to the U.S.,” as such activities had previously flowed out due to enforcement regulations during the Biden administration, while also reiterating the regulatory framework that has existed since the 1990s. For U.S. traders, this means legal access to more global Liquidity; for the crypto industry, this is another step toward regulatory clarity and an initiative of the Trump administration’s “crypto sprint” strategy.