Article
CFTC Issues Advisory To Clarify FBOT Registration Framework For Non-U.S. Crypto Exchanges To Access U.S.-based Participants
To promote regulatory clarity, on August 28, 2025, the Commodity Futures Trading Commission ("CFTC")'s Division of Market Oversight issued an advisory to reaffirm its longstanding foreign board of trade ("FBOT") registration framework for non-U.S. exchanges, including non-U.S. crypto exchanges, that seek to offer trading access to U.S.-based participants.
Jones Day