The U.S. Commodity Futures Trading Commission (CFTC) is thinking about letting foreign crypto exchanges play ball with American investors.
Big news, huh? Caroline Pham, the interim chair, dropped this hint, and it sounds like the old guard might be loosening the reins a bit.
🚨NEW: In a recent speech, Acting CFTC Chair @CarolineDPham said the agency is exploring whether foreign crypto trading platforms that follow robust, crypto-specific rules, such as the EU’s MiCA framework, could be recognized under U.S. cross-border regulations.
It follows the… pic.twitter.com/ft1LAmpVrh
— Eleanor Terrett (@EleanorTerrett) September 9, 2025
Fresh competition and more liquidity for U.S. markets
Pham explained the agency’s kicking the tires on whether overseas platforms, if they meet tough regulatory standards, could get U.S. market access.
She pointed to Europe’s MiCA framework, a sharp, crypto-focused rulebook, as the kind of oversight America might want, or should to mimic.
Think of it like borrowing your neighbor’s playbook because they run a solid game.
Now, industry commentators say the CFTC’s not actually greenlighting this just out of the blue. They already allow some foreign exchanges to operate under their Foreign Board of Trade, the FBOT system.
This setup lets non-U.S. venues serve American traders without becoming full-fledged domestic exchanges. Opening that door wider?
It could pump fresh competition and liquidity into U.S. markets and ease some of the regulatory gridlock at home. Imagine a packed market with more players and smoother trades, everybody wins.
Syncing American rules with the international ones
Why now? U.S. regulators are under real pressure to find the sweet spot between keeping investors safe and not strangling innovation.
Over at the SEC, we see more crackdown vibes, strict listings, tough enforcement, like a big boss clamping down hard, but fair to say, it’s way, way more business friendly now than it was under the Biden-admin.
On the other hand, the CFTC’s exploring a smoother, more global path, looking to sync American rules with international ones.
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European rivals on the U.S. playground
It’s early days, this is just the CFTC feeling out possibilities, not making promises. But if they go all in, experts predict it’s will be a real game-changer for the industry.
Suddenly, crypto trading in the U.S. could open up to overseas platforms that have their act together, bringing new opportunities for liquidity and competition.
Picture your office water cooler chat, hey, the CFTC’s gonna let Binance, Kraken, or Coinbase’s European rivals into the U.S. playground, that’s big, that’s huge.
And it’s probably true. For traders and investors, that’s both excitement and a little edge-of-the-seat tension.
Disclosure:This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision.
Kriptoworld.com accepts no liability for any errors in the articles or for any financial loss resulting from incorrect information.
Cryptocurrency and Web3 expert, founder of Kriptoworld
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With years of experience covering the blockchain space, András delivers insightful reporting on DeFi, tokenization, altcoins, and crypto regulations shaping the digital economy.
📅 Published: September 14, 2025 • 🕓 Last updated: September 14, 2025
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