CFTC Considers Recognizing Foreign Crypto Platforms Under U.S. Rules
The U.S. Commodity Futures Trading Commission (CFTC) is evaluating whether to extend recognition to overseas cryptocurrency platforms operating under robust regulatory frameworks, such as the European Union's Markets in Crypto-Assets (MiCA) regime. Acting Chair Caroline D. Pham emphasized the initiative aims to provide compliant foreign venues a streamlined pathway to serve U.S. participants without awaiting new legislation.
This move reflects broader efforts to clarify cross-border oversight for non-U.S. exchanges and signals increased coordination among U.S. regulators on spot crypto market supervision. The CFTC's approach aligns with recent industry demands for regulatory certainty, particularly as global crypto frameworks diverge.