CFTC to “Explore” Allowing MiCA-Authorized Platforms to | Crypto Work Pro
The U.S. Commodity Futures Trading Commission (CFTC)
might permit trading platforms licensed underneath Europe’s new MiCA framework to
operate in American markets, Acting Chairman Caroline D. Pham informed UK
lawmakers.
Speaking earlier than the All-Party Parliamentary Group on
Blockchain Technologies in London, as reported by the regulator, Pham mentioned the CFTC is exploring whether or not
MiCA-authorized venues might qualify underneath its long-standing cross-border
recognition guidelines.
“The CFTC may even discover whether or not trading platforms
licensed underneath the EU Markets in Crypto-Assets Regulation (MiCA), or comparable
digital asset or crypto asset regimes, would additionally qualify underneath the CFTC’s
present cross-border frameworks,” Pham talked about.
Remarks by @CFTCpham before the UK All-Party Parliamentary Group on Blockchain Technologies, Parliamentary International Roundtable Digital Assets Policy & Regulation: https://t.co/wpRhrRlphF
— CFTC (@CFTC) September 8, 2025
CFTC Looks to Europe’s MiCA
The Acting CFTC Chairperson famous that many U.S.
crypto companies relocated overseas due to years of regulatory uncertainty, with some
establishing trading venues in Europe underneath MiFID or making ready for MiCA
authorization.
Her remarks instructed that, for the primary time, Europe’s
landmark MiCA regulation might present a gateway for entry
to U.S. individuals.
“Because of the lack of U.S. regulatory clarity and the enforcement-first approach of the past several years, many U.S. firms established affiliates in non-U.S. jurisdictions with clear regulations for crypto asset activities.”
Beyond cross-border points, Pham mentioned Washington is
coming into a “new beginning” of coordination between the SEC and CFTC. The two
regulators will reportedly maintain a joint roundtable later this month to focus on harmonizing
product definitions, information requirements, and innovation exemptions.
U.S. Crypto Roadmap
The feedback observe the release of the Trump
Administration’s digital asset roadmap, which requires modernized banking
guidelines, stronger oversight of stablecoins, and new instruments equivalent to secure harbors
and sandboxes.
The CFTC has launched a “Crypto Sprint” to search public
suggestions on listed spot crypto trading, with feedback due October 20. Pham mentioned regulation should stay “technology-neutral”
and warned towards repeating errors from the Dodd-Frank Act that created
“regulatory moats and market fragmentation.”
Related: SEC and CFTC Issue Joint Crypto Guidance; Could the UK Take Similar Steps?
Through her position on the CFTC ’s Global Markets Advisory
Committee, Pham has pressed for pragmatic cross-border guidelines. She mentioned aligning
with regimes like MiCA, which already cowl capital, custody, transparency, and
retail safety, might stop additional fragmentation.
U.S. market regulators lately signaled openness
towards cryptocurrency trading, saying current registered platforms are succesful
of handling spot transactions underneath their oversight.
🚨 The NYSE, Nasdaq, CBOE, CME, and so forth, will quickly have spot trading for BTC, ETH, and more. https://t.co/qZo3YsYDQA
— matthew sigel, recovering CFA (@matthew_sigel) September 2, 2025
In a joint assertion, the Securities and Exchange
Commission and CFTC inspired platforms to method them with questions,
suggesting a willingness to work within present frameworks quite than look forward to
new legal guidelines.
The transfer highlighted the businesses’ coordinated effort
to present regulatory readability because the US continues to debate broader digital
asset laws.
The U.S. Commodity Futures Trading Commission (CFTC)
might permit trading platforms licensed underneath Europe’s new MiCA framework to
operate in American markets, Acting Chairman Caroline D. Pham informed UK
lawmakers.
Speaking earlier than the All-Party Parliamentary Group on
Blockchain Technologies in London, as reported by the regulator, Pham mentioned the CFTC is exploring whether or not
MiCA-authorized venues might qualify underneath its long-standing cross-border
recognition guidelines.
“The CFTC may even discover whether or not trading platforms
licensed underneath the EU Markets in Crypto-Assets Regulation (MiCA), or comparable
digital asset or crypto asset regimes, would additionally qualify underneath the CFTC’s
present cross-border frameworks,” Pham talked about.
Remarks by @CFTCpham before the UK All-Party Parliamentary Group on Blockchain Technologies, Parliamentary International Roundtable Digital Assets Policy & Regulation: https://t.co/wpRhrRlphF
— CFTC (@CFTC) September 8, 2025
CFTC Looks to Europe’s MiCA
The Acting CFTC Chairperson famous that many U.S.
crypto companies relocated overseas due to years of regulatory uncertainty, with some
establishing trading venues in Europe underneath MiFID or making ready for MiCA
authorization.
Her remarks instructed that, for the primary time, Europe’s
landmark MiCA regulation might present a gateway for entry
to U.S. individuals.
“Because of the lack of U.S. regulatory clarity and the enforcement-first approach of the past several years, many U.S. firms established affiliates in non-U.S. jurisdictions with clear regulations for crypto asset activities.”
Beyond cross-border points, Pham mentioned Washington is
coming into a “new beginning” of coordination between the SEC and CFTC. The two
regulators will reportedly maintain a joint roundtable later this month to focus on harmonizing
product definitions, information requirements, and innovation exemptions.
U.S. Crypto Roadmap
The feedback observe the release of the Trump
Administration’s digital asset roadmap, which requires modernized banking
guidelines, stronger oversight of stablecoins, and new instruments equivalent to secure harbors
and sandboxes.
The CFTC has launched a “Crypto Sprint” to search public
suggestions on listed spot crypto trading, with feedback due October 20. Pham mentioned regulation should stay “technology-neutral”
and warned towards repeating errors from the Dodd-Frank Act that created
“regulatory moats and market fragmentation.”
Related: SEC and CFTC Issue Joint Crypto Guidance; Could the UK Take Similar Steps?
Through her position on the CFTC ’s Global Markets Advisory
Committee, Pham has pressed for pragmatic cross-border guidelines. She mentioned aligning
with regimes like MiCA, which already cowl capital, custody, transparency, and
retail safety, might stop additional fragmentation.
U.S. market regulators lately signaled openness
towards cryptocurrency trading, saying current registered platforms are succesful
of handling spot transactions underneath their oversight.
🚨 The NYSE, Nasdaq, CBOE, CME, and so forth, will quickly have spot trading for BTC, ETH, and more. https://t.co/qZo3YsYDQA
— matthew sigel, recovering CFA (@matthew_sigel) September 2, 2025
In a joint assertion, the Securities and Exchange
Commission and CFTC inspired platforms to method them with questions,
suggesting a willingness to work within present frameworks quite than look forward to
new legal guidelines.
The transfer highlighted the businesses’ coordinated effort
to present regulatory readability because the US continues to debate broader digital
asset laws.
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