In a surprise move, the U.S. Commodity Futures Trading Commission (CFTC) is preparing to allow American traders to access offshore crypto exchanges like Binance, Bybit, and OKX — a dramatic reversal of years of enforcement-first policy.
The announcement comes just days after Commissioner Kristin Johnson’s resignation left Acting Chair Caroline Pham as the CFTC’s sole decision-maker. With unilateral control, Pham is now steering policy in a far more aggressive pro-crypto direction.
“This advisory provides the clarity needed to legally bring back trading activity driven overseas by overregulation in recent years,” Pham said in a statement, framing the decision as the first major win of the CFTC’s ongoing “crypto sprint.”
A Radical Break From the Past
For years, U.S. regulators treated offshore platforms serving American customers as operating illegally, with lawsuits from the SEC, DOJ, FinCEN, and the CFTC itself piling up. Now, under Pham’s watch, exchanges previously considered off-limits could soon be legitimate gateways for U.S. citizens.
The decision is also being hailed as another boost for President Donald Trump, who has styled himself as the “crypto president.” By reopening access to global liquidity, the move could further solidify his administration’s pro-crypto reputation.
Uncertain Future
Still, Pham’s bold approach may be short-lived. She is rumored to be planning her own departure once a permanent Chair is confirmed, raising questions about whether these reforms will stick. For now, though, she is moving quickly to reshape the CFTC’s stance — and more sweeping changes could follow.
If implemented, the shift would mark one of the most significant policy pivots in U.S. crypto regulation, potentially rewriting the rules for how Americans access digital assets abroad.
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Source: https://coindoo.com/cftc-shocks-markets-americans-may-soon-trade-on-binance-bybit-and-okx/