CFTC opens the door to foreign exchanges to operate cryptocurrencies in the US

By Hannah Pérez

CFTC clarified its rules about the registration of foreign exchanges, including cryptocurrencies. The new directive of the Federal Agency seeks to boost the return of cryptocurrency trading to the US.

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• Raw material regulators in the US clarify registration rules for Exchange crypt.
• They allow foreign platforms to provide cryptocurrency services to US users.
• The CFTC previously pursued cryptocurrency exchanges that were not recorded.
• Now the agency wants to boost the return of cryptocurrency trading to the US.

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The United States Basic Products Trade Commission (CFTC), a main financial regulator in the country, continues to advance in its efforts to provide regulatory clarity to the cryptocurrency market.

This Thursday, through its Market Supervision Division (DMO), the CFTC issued a directive that clarifies the registration frame for foreign exchanges and bags, including platforms that facilitate commercial operations with cryptocurrencies.

The measure seeks to allow non -American entities, organized and operating outside the country, offer direct access to their negotiation platforms to people located in the US, including digital asset markets such as cryptocurrencies.

The directive, announced by the interim president of the CFTC, Caroline D. Pham, It responds to the need to provide regulatory clarity after years of an approach of “Regulation for execution“ that, according to the official, he would have expelled the activities of trading of cryptocurrencies, forcing many companies to move outside the United States.

“This directive provides the regulatory clarity necessary to legally repatriate the trading activity that was displaced outside the United States due to the unprecedented approach of regulation by application of recent years”, Said Pham in a statement.

Clarification on the Exchange Registry

In the statement, the CFTC reaffirmed its registration framework for foreign trade bags (FBOT), in force since the 1990s, which allows Americans to operate in foreign bags registered under their supervision.

This framework applies to all markets, both traditional and digital, regardless of the asset class. The directive addresses prior confusion about whether Exchange Cryptocurrency foreigners that offered both cash operations and margin or derivative products, had to register as designated contract markets (DCM) or as FBOT.

The Exchange Foreigners who were not registered faced compliance actions, based on novel interpretations that deviated from the agency’s precedents. This lack of regulatory clarity led to many foreign platforms to operate in a gray areamotivating confusion and an environment of regulatory hostility in the sector.

The measure opens a path for US companies to transfer their operations to foreign jurisdictions due to regulatory uncertainty, return to US markets. This approach seeks to foster innovation and guarantee the competitiveness of US markets, while protecting investors, the agency hinted.

“From now on, the CFTC welcomes Americans who wish to operate efficiently and safely under our regulations, and open US markets to the rest of the world”Pham said.

Trump’s admiration promotes crypto regulation

The directive arrives at a time when the CFTC has intensified its efforts to regulate the cryptocurrency market, following the recommendations of the White House and aligning with the efforts of the administration of President Donald Trump to position the United States as the “Crypto Capital of the World”

Since January, the agency has implemented measures such as the CEO Cripto forum and guidelines for entrepreneurs, reflecting the CFTC commitment to financial innovation.

Your most recent guideline It is part of the second phase of the “Crypto Sprint” program of the CFTCannounced in early August, which seeks to implement the recommendations of the presidential work group on digital assets. This group, in a July report, proposed 18 recommendations, including two specifically addressed to the CFTC to clarify the classification of digital assets as raw materials or goods –instead of values– and adapt rules for derivatives based on Blockchain.

The CFTC is collaborating with the stock and values ​​commission (SEC), which carries out its own regulatory initiative, “Project Crypt”, to fill legal gaps and promote a competitive environment. Both agencies have invited market participants to send comments until October to mold a regulatory framework that balances innovation and investor protection.

CFTC expands its crypto supervision powers

Development occurs when CFTC is expected to become the main supervisory cryptocurrency authority, in case the Clarity Law –on the structure of the cryptocurrency market and that passed in July through the camera-, be approved in Congress.

Before 2025, the CFTC did not directly regulate the markets in cryptocurrency cash, except in cases of fraud or manipulation. Although strict supervision on cryptocurrency derivatives, recent political change points to the agency to expand its functions to supervise the emerging asset market.

The clarification of the FBOT registration frame is seen as a significant step to reduce the regulatory uncertainty and attract the actors of the Crypt Market to the US again. The measure could promote the adoption of cryptocurrencies in the country, while reinforcing the US leadership position Blockchain.

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Article written with the help of AI, edited by Diariobitcoin

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