The CFTC launches a "crypto sprint"! It allows Americans to legally use overseas exchanges.

The Commodity Futures Trading Commission (CFTC) announced this morning on 8/29 that it will soon allow U.S. investors to legally trade at overseas crypto asset exchanges through the “Overseas Exchange Registration Mechanism” (Foreign Board of Trade, FBOT). This policy is part of the “Crypto Sprint” ( plan promoted by the Trump administration, aimed at reshaping the regulatory environment of the crypto market in the U.S. and attracting businesses and capital back to the U.S.

CFTC relaxes regulation, expands FBOT mechanism to crypto market

The CFTC announced that it will support U.S. investors in legally using offshore exchanges through FBOT. This system actually existed as early as the 1990s and was primarily used for traditional assets, and now it has also extended into the crypto space.

The image shows the latest statement from the Commodity Futures Trading Commission regarding FBOT used for offshore exchanges.

CFTC Acting Chair Caroline Pham stated that this not only allows Americans to trade “more safely and efficiently” under a regulatory framework, but also symbolizes the U.S. market reconnecting with the global market, and is an important achievement of Trump’s “crypto sprint” initiative.

The image shows CFTC Acting Chair Caroline Pham easing encryption regulations, which helps boost the crypto market.

This policy is seen as key to breaking the past “regional restrictions.” Taking Binance as an example, currently, Americans can only place orders through its subsidiary Binance.US, and the services do not cover the entire country, which is a clear limitation. If in the future foreign exchange operators can enter the market according to regulations, American investors will be able to directly participate in the global market, which will help increase market liquidity.

In fact, from 2021 to 2024, due to unclear regulations, there has been an exodus of companies from the United States, with a significant amount of trading volume flowing overseas. The recent easing of regulations by the CFTC also resonates with Trump’s assertion that the goal is to bring foreign operators back to the United States and rebuild America’s dominant position in the digital asset space.

The image is of the “Rebuilding America in the Digital Finance Space” statement released by the White House. Experts are calling for clearer regulations to retain startups and support market development in the U.S.

Experts have warned that U.S. regulatory rules must be clear in order to have a long-term effect. If clear rules can be established, legal risks can be reduced to avoid the vicious cycle of “using enforcement instead of regulation.”

The CFTC is currently soliciting opinions from the industry and the public, hoping to retain innovation in the U.S. market while ensuring investor protection and financial stability.

) The US Fed calls for a halt! No additional review needed for banks’ encryption business (

This article discusses the CFTC’s “crypto sprint”! It opens up the legal use of foreign exchanges for Americans, first appearing in Chain News ABMedia.