The Commodity Futures Trading Commission (CFTC) has issued an advisory paving the way for U.S. citizens to trade cryptocurrencies on platforms registered as Foreign Board of Trade (FBOT). This move opens the doors to international exchanges previously inaccessible to American customers, potentially boosting market participation and liquidity in the digital asset space. The CFTC’s decision allows these exchanges to provide direct market access to US traders while ensuring oversight under the existing regulatory framework. Acting Chair Caroline Pham highlighted the significance of this advisory as a significant step towards bringing international exchanges into compliance with U.S. regulations, potentially encouraging a return of firms previously operating offshore.