
Acting CFTC Chair Caroline D. Pham said the agency is exploring whether overseas crypto platforms operating under strong, cryptoโspecific regimes, such as the EUโs MiCA, could be recognized under existing U.S. crossโborder rules. The aim is to give compliant foreign venues a clearer pathway to serve U.S. participants without waiting for new laws. This move aligns with recent efforts to clarify recognition routes for nonโU.S. exchanges and signals closer coordination on spot crypto oversight between U.S. market regulators.