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CFTC Acting Chairman: Considering Including Compliant Overseas Crypto Trading Platforms in US Cross-Border Regulation
Summary: According to FOX Business reporter Eleanor Terrett, acting chairman of the Commodity Futures Trading Commission (CFTC) Caroline D. Pham stated in a recent speech that the agency is exploring the possibility of recognizing overseas crypto trading platforms that adhere to robust, crypto-specific rules (such as the EU's MiCA framework) within the US cross-border regulatory framework. ...
According to FOX Business reporter Eleanor Terrett, acting chairman of the Commodity Futures Trading Commission (CFTC) Caroline D. Pham stated in a recent speech that the agency is exploring the possibility of recognizing overseas crypto trading platforms that adhere to robust, crypto-specific rules (such as the EU's MiCA framework) within the US cross-border regulatory framework. This statement follows CFTC's recent reaffirmation of its longstanding Foreign Boards of Trade (FBOTs) framework, which allows certain non-US crypto trading platforms regulated by foreign regulatory bodies to provide direct trading access to US traders by registering with CFTC as FBOTs instead of Designated Contract Markets (DCMs).
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Link: CFTC Acting Chairman: Considering Including Compliant Overseas Crypto Trading Platforms in US Cross-Border Regulation [Copy]
