The Commodity Futures Trading Commission – Under continued “Crypto sprint“To open a wider path for us business in crypto – released an advisory on Thursday Companies living outside the US are willing to register with the agency because foreign trade boards can deal directly with US customers.
“American companies who are forced to set up a shop with foreigners to facilitate crypto asset trading now have a path back to US markets,” said CFTC that Caroline Pham is acting in a statement with advice, not making any changes to agency policy but meant to serve as a “reminder” of a possible strategy for such companies.
“Since the 1990s, Americans have traded non-US exchanges registered with the CFTC as fbots. Since now, the CFTC has been accepting Americans who want to exchange well and safely under CFTC regulations, and opens US markets with an outstanding replacement selected by President Donald Trump Senate.
He called the Advisory, issued by the CFTC’s Division of Market Oversight, “Another example of how the CFTC will continue delivering President Trump as part of our Crypto Sprint.”
The agency receives an increase in interest in Such a registrationThe statement said, and the CFTC aimed clearly that companies eligible for FBOT status do not need to register as designated US contract markets (DCMs) To let us access their electronic trading services directly. Companies need to be strictly regulated in their home turf, according to CFTC regulations.
Trump elected Brian Quintenz, a former CFTC commissioner, to occupy the chairman’s area, but the White House his confirmation process has been Before the Senate’s back -up. He hopes to return to that process soon next week, but if he is confirmed, he will only be a member of what it means to be a commission of five people. The Republican Pham said he is set to leave, and the commission’s only democrat Kristin Johnson, will come out next week.
Meanwhile, Pham uses most of its time above the commission to pursue crypto-friendly initiatives.
Read more: While the CFTC is waiting for the new chairman, Acting Chief Pham is rolling in Crypto
