The US CFTC will issue guidance clarifying registration rules for foreign trading platforms.

On August 29th, crypto journalist Eleanor Terrett wrote, "The US Commodity Futures Trading Commission (CFTC) is about to issue guidance clarifying its registration rules for foreign trading platforms (FBOTs), providing a legal path for non-US trading platforms to allow US users to trade on their platforms.

Acting Chairwoman Caroline D. Pham stated that this is a way to "reshore" crypto activity to the US, which had previously been outsourced due to Biden-era law enforcement, while reaffirming the regulatory framework that has been in place since the 1990s.

For US traders, this means legal access to more global liquidity; for the crypto industry, it is another step towards regulatory clarity and a component of the Trump administration's "Crypto Sprint" strategy."