The U.S. Commodities Futures Trading Commission (CFTC) unveiled new guidance allowing foreign cryptocurrency exchanges to operate legally within the United States. This development aims to clarify the regulatory landscape that has often been perceived as murky due to a history of regulation through enforcement. The Acting CFTC Chair, Caroline D. Pham, noted that American companies can now return to U.S. markets after being forced to relocate abroad for crypto trading. Previously, exchanges like Binance faced restrictions, unable to register with U.S. regulators, which led to a significant $4.3 billion settlement in 2023 requiring the exchange to exit U.S. markets. The new guidance opens pathways for foreign companies to legally operate and provide services to U.S. citizens, representing a significant shift in the regulatory approach from the CFTC.

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