The US Commodity Futures Trading Commission (CFTC) has announced that offshore crypto exchanges can now legally cater to US clients by registering under the Foreign Board of Trade (FBOT) framework. This decision, part of the CFTC's 'crypto sprint,' allows US residents to trade on registered offshore platforms, which has been possible since the 1990s. CFTC Director Caroline Pham emphasized that this move opens US markets to global participants, potentially increasing liquidity in the crypto market. Notably, major exchange Binance is currently blocked for US residents, operating through Binance.US in limited states. The CFTC's initiative ties back to the Trump administration's aim to bring crypto companies back to the US and provide clarity on regulations that have caused an exodus of crypto firms from 2021 to 2024. Edwin Mata, a legal expert, expressed that clear regulations are essential to foster innovation while ensuring legal protections for market participants.

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