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Acting Chairperson of the US CFTC: We are exploring the granting of cross-border regulatory recognition to eligible overseas crypto trading platforms

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2025-09-09 11:31:37
According to crypto journalist Eleanor Terrett, Caroline D. Pham, acting chair of the US Commodity Futures Trading Commission (CFTC), said in a recent speech that the agency is exploring whether offshore cryptocurrency trading platforms that follow strict crypto asset-specific rules, such as the MiCA framework of the European Union's Crypto Asset Markets Regulation, can be recognized under US cross-border regulations.
Previously, the agency has reaffirmed its long-standing regulatory framework for Foreign Trade Commissions (FBOTs), allowing some non-U.S. cryptocurrency exchanges that are already regulated by foreign regulators to directly serve U.S. traders by registering with the CFTC as FBOTs (rather than designated contract market DCMs).
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