The U.S. CFTC has released guidance on the registration framework for foreign trading platforms, providing regulatory clarity for non-U.S. trading platforms to return to the U.S. market.

On August 29, the Commodity Futures Trading Commission (CFTC) Market Oversight Division released guidance on the registration framework for foreign trading platforms (FBOT), applicable to non-U.S. entities that are legally established and operating outside the United States and wish to provide direct trading platform access to individuals located in the U.S. The CFTC's FBOT registration framework applies to all markets, regardless of asset class, including traditional and digital asset markets. Acting Chair Caroline D. Pham stated: "The FBOT guidance released today provides regulatory clarity for trading activities that have left the U.S. due to 'enforcement-based regulation' over the past few years to legally return to the U.S. By reaffirming the CFTC's long-standing approach, we are providing U.S. traders with diverse choices and access to the deepest and most liquid markets globally, as well as a wide range of products and asset classes. U.S. companies that have been forced to establish businesses abroad to conduct encryption asset trading now have the opportunity to return to the U.S. market."