The CFTC announced on the 28th (local time) that offshore cryptocurrency exchanges will be able to operate in the U.S. through the Foreign Exchange Commission (FBOT) registration system.
"Going forward, the CFTC will continue to provide efficient and secure trading services," CFTC Acting Director Caroline Pham said in a statement.
"We will once again welcome Americans seeking crypto and open our markets to the world. This is another example of the CFTC delivering results under President Trump's Crypto Sprint policy."
If offshore exchanges are allowed to operate legally to serve Americans, it is expected that global liquidity will increase and the barriers to the cryptocurrency market, which has been divided by region, will be eased.
Binance, which currently has the largest trading volume in the world, is not directly accessible to US residents and instead operates only in certain states through a separate legal entity, Binance US.
As a result, US users are effectively forced to trade in a restricted environment. This decision is a step forward for the CFTC to implement cryptocurrency policy in line with its "Crypto Sprint" plan.
This was in the process of a comprehensive restructuring. US President Donald Trump has been inviting cryptocurrency companies that had fled overseas back to the US in order to secure US leadership in the digital asset field.
The lack of clear regulation is likely to cause many cryptocurrency companies to leave the US between 2021 and 2024, resulting in a large portion of trading volume moving outside the US.
The CFTC is currently seeking public input on its cryptocurrency policy, seeking to protect financial market participants while ensuring innovative companies are not pushed out of the region.
The government's policy is to formulate a balanced regulatory proposal.
2025/08/29 15:30 KST
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