The Combo Futures Trading Commission – under its “Sprint” Crypto “in progress to open a wider way for American cryptography activities – issued an opinion on Thursday that companies residing outside the United States which are ready to register with the agency as foreign commercial advice can deal directly with American customers.
“American companies that have been forced to settle in foreign jurisdictions to facilitate the trade in Crypto assets now have a path to the American markets,” said the acting president of the CFTC, Caroline Pham, in a press release with the opinion, which did not make any modification to agency policy, but was supposed to serve as a “reminder” of a possible approach.
“Since the 1990s, the Americans have been able to exchange non -American exchanges that have been recorded with the CFTC as Fbots. From now on, the CFTC welcomes Americans who wish to exchange efficiently and safely in the context of CFTC regulations, and open the American markets to the rest of the world,” said Pham, who holds the Senate of the Regulator to the President President Donald can be confirmed by the Senate of the Senate.
She described the opinion, which was issued by the CFTC market surveillance division, “another example of how the CFTC will continue to deliver victories for President Trump as part of our cryptographic sprint.”
The agency has received an increased interest in these registrations, according to the press release, and the CFTC aims to clearly indicate that companies eligible for FBot status do not have to register as contractual markets designated by the United States (DCMS) In order to allow us customers to directly access their electronic trading services. Companies must be rigorously regulated on their domestic lawn, according to CFTC regulations.
Trump had appointed Brian Quintenz, a former CFTC commissioner, to take control of the president, but the White House interrupted its confirmation process before the Senate summer recess. He should return to this process next week, but if he is confirmed, he will be the only member of what is supposed to be a commission of five people. The Republican Pham said that she should leave and that the only democrat of the commission, Kristin Johnson, was released next week.
Meanwhile, Pham used a large part of his time at the top of the Commission to pursue friendly initiatives.
Read more: While CFTC awaits the new president, the acting chief Pham takes place on Crypto
