Crypto Firms That Left U.S. Can Open Doors Here as Foreign Boards of Trade
The Commodity Futures Trading Commission — under its ongoing “crypto sprint” to open a wider path for U.S. crypto business — issued an advisory on Thursday that firms residing outside the U.S. that are willing to register with the agency as foreign boards of trade can deal directly with U.S. customers.
“American companies that were forced to set up shop in foreign jurisdictions to facilitate crypto asset trading now have a path back to U.S. markets,” said CFTC Acting Chairman Caroline Pham in a statement with the advisory, which didn’t make any changes to agency policy but was meant to serve as a “reminder” of a possible approach for such companies.
“Since the 1990s, Americans have been able to trade on non-U.S. exchanges that are…
