CFTC has made a significant move to simplify access to the crypto market in the US, reopening doors for investors wishing to trade on unregulated crypto exchanges.
What Has Changed in CFTC Regulation
On Thursday, CFTC announced a shift to a more open approach, allowing American investors to trade with crypto exchanges that are regulated in other jurisdictions but not registered in the US. This move came after changes in FBOT guidelines, enabling exchanges that had previously moved operations offshore to return to the American market. "Today's FBOT advisory provides the regulatory clarity needed to legally onshore trading activity that was driven out of the United States due to the unprecedented regulation by enforcement approach of the past several years," said Acting Chairman Caroline Pham.
Comparison with SEC Recommendations
CFTC is actively implementing an initiative focused on establishing clear rules for crypto investing, similar to the SEC's project for crypto regulation. Both regulatory agencies are taking measures that greatly simplify access to crypto investments for American traders. This opens up new horizons for institutional investors looking to use cryptocurrencies as a hedge against inflation.
Future Prospects for the US Crypto Market
Given the changes in regulation, US-registered companies have started to offer digital assets that were previously unavailable in the domestic market. Cryptocurrencies such as Toncoin and Tron are now accessible to American traders, which could lead to increased investments and an uptick in trading activity in the country.
With the new CFTC guidance, American crypto investors are gaining more trading opportunities, which could positively impact the growth of the crypto market and attract investments.
