The Commodity Futures Trading Commission has issued anadvisory clarifying how foreign exchanges can provide direct market access toU.S. traders under its Foreign Board of Trade (FBOT) registration framework.FBOT Advisory IssuedThe Division of Market Oversight published theadvisory on Wednesday. It applies to all asset classes, including digitalassets, and is aimed at non-U.S. entities legally organized and operatingabroad. The framework governs how these exchanges can register to serve U.S.customers.“Today’s FBOT advisory provides the regulatory clarityneeded to legally onshore trading activity that was driven out of the UnitedStates due to the unprecedented regulation and enforcement approach of the pastseveral years,” commented Acting Chairman Caroline D. Pham. “By reaffirming the CFTC’s longstanding approach toprovide U.S. traders with choice and access to the deepest and most liquidglobal markets, with a wide range of products and asset classes, Americancompanies that were forced to set up shop in foreign jurisdictions tofacilitate crypto asset trading now have a path back to U.S. markets.”Registration Framework Reaffirmed“Since the 1990s, Americans have been able to trade onnon-U.S. exchanges that are registered with the CFTC as FBOTs,” Pham added.“Starting now, the CFTC welcomes back Americans who want to trade efficientlyand safely under CFTC regulations, and opens up U.S. markets to the rest of theworld.”The CFTC said the advisory responds to risinginquiries from global firms about whether they should register as a designatedcontract market (DCM) or FBOT. Recent enforcement actions have created uncertainty by applying new interpretations that are inconsistent with decades ofpractice.By reaffirming the FBOT framework, the agency aims topromote regulatory clarity, reduce disruption, and maintain consistent accessfor U.S. traders.Under President Donald Trump, the US has softened its stance on regulating digital assets. The most notable change was the passing of the Guiding and Establishing National Innovation for U.S. Stablecoins (GENIUS)Act into law. The measure establishes regulatory oversight forstablecoin issuers, setting the stage for broader cryptocurrency regulation inthe United States.The GENIUS Act defines key requirements for theissuance and operation of stablecoins, aiming to bring greater clarity andsupervision to a fast-growing corner of the digital asset market. This article was written by Jared Kirui at www.financemagnates.com.