CFTC is considering allowing foreign cryptocurrency exchanges to operate in the United States.

U.S. regulators are considering allowing foreign cryptocurrency exchanges to serve American investors, according to acting CFTC Chair Caroline Pham. She stated that the agency is examining the recognition of international exchanges that meet strict oversight standards, using the EU's MiCA framework as a model. Currently, the CFTC has permitted some offshore exchanges to operate under the Foreign Board of Trade (FBOT) mechanism, allowing them to access the U.S. market without needing to sign up like domestic exchanges.

If widely applied, this mechanism could increase competition and liquidity for the American market, while reducing domestic legal pressure. This move comes as the SEC continues to tighten listing activities and enforcement in the cryptocurrency sector. The CFTC's opening of cross-border recognition shows a compromise solution that could bring the American market closer to global standards.