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US Regulator Opens Pathway for Americans to Trade on Offshore Crypto Exchanges
The Commodity Futures Trading Commission (CFTC) has cleared a new path for U.S. investors to legally access offshore crypto platforms under its Foreign Board of Trade (FBOT) framework.
This marks a significant development in the regulator’s ongoing “crypto sprint” initiative, which was launched to overhaul outdated regulations in response to proposals from the Trump administration.
🔹 CFTC’s Announcement
Acting CFTC Director Caroline Pham confirmed that U.S. clients can once again tap into offshore trading opportunities through the long-standing FBOT registry.
“Starting now, the CFTC welcomes back Americans who want to trade efficiently and safely under CFTC regulations, and opens up U.S. markets to the rest of the world. It’s just another example of how the CFTC will continue to deliver wins for President Trump as part of our crypto sprint.” – Caroline Pham
The FBOT framework, in place since the 1990s, allows registered offshore exchanges to provide U.S. access across asset classes, now extended explicitly to crypto.
🔹 Impact on U.S. Crypto Markets
- Liquidity Boost: Offshore access is expected to increase market depth and reduce regional silos.
- Binance Case Study: The world’s largest exchange, Binance, remains off-limits to most U.S. users except through its limited affiliate, Binance.US. The CFTC’s move could pave the way for broader participation.
- Investor Choice: U.S. traders, often restricted to “walled garden” platforms, may soon benefit from a more competitive and global marketplace.
🔹 Trump’s Crypto Sprint in Action
The announcement follows President Trump’s repeated calls to bring crypto companies back to U.S. soil and secure American leadership in digital assets.
Between 2021 and 2024, unclear rules drove many crypto firms offshore, with the majority of trading volume moving outside U.S. borders. The CFTC’s reforms aim to reverse this trend, positioning the U.S. as a friendlier jurisdiction for digital finance.
🔹 Industry Perspective
Edwin Mata, attorney and CEO of tokenization platform Brickken, stressed that ambiguity in past regulations had created unnecessary legal risk for crypto firms:
- Clearer rules will lower compliance burdens.
- Companies can operate in the U.S. without fear of “regulation by enforcement.”
- More projects will stay onshore, fueling U.S. innovation.
🔹 Next Steps
The CFTC is now accepting public feedback on its crypto framework. Its goal:
- Protect investors and markets,
- Avoid creating barriers that push innovation offshore.
This marks one of the most significant shifts in U.S. crypto oversight since 2021, potentially reshaping where and how Americans trade digital assets.
@ Newshounds News™
Source: Cointelegraph
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Mastercard Launches First Stablecoin Transactions in Africa and the Middle East
The world of crypto payments is steadily moving from experimentation to real-world adoption. This week’s development comes from Mastercard and Circle, who have joined forces to bring stablecoin settlements into mainstream banking flows across Africa, the Middle East, and Eastern Europe.
🔹 A Bold Expansion: USDC & EURC in Banking Flows
- Mastercard now enables settlements in USDC and EURC for acquirers in the EEMEA region (Eastern Europe, Middle East, Africa).
- Circle has integrated USDC into Finastra’s Global PAYplus platform, opening access to 50 countries and $5 trillion in potential flows.
- Early adopters include Arab Financial Services (Bahrain) and Eazy Financial Services (Saudi Arabia).
For Kash Razzaghi, Circle’s Chief Business Officer, the initiative is a turning point:
“Our expanded partnership with Mastercard will enable wider reach, global access, and scaled impact, so that USDC can become as ubiquitous as traditional payments.”
🔹 Mastercard’s Strategy: Bridging Fiat and Blockchain
Mastercard is no longer just a credit card network. The company is actively positioning itself as a global bridge between banks and digital assets, leveraging stablecoins to unify fiat and blockchain systems.
Key initiatives include:
- Crypto Credential – identity authentication for blockchain transactions.
- Crypto Secure – fraud detection tailored to crypto payments.
- MTN integration – enabling multi-asset digital settlements.
- Partnerships with Bybit and S1lkPay, offering direct USDC payments via crypto cards.
Dimitrios Dosis, Mastercard’s EEMEA President, emphasized the company’s commitment:
“We know trust is essential to scale, and we are proud to play a leading role by leveraging our decades of experience in security and compliance in the stablecoin universe.”
🔹 The Bigger Picture: Circle’s Global Offensive
Five facts highlighting the scale of Circle & Mastercard’s move:
- +90% annual growth of USDC, now at $65.2B market cap.
- 28% share of the dollar-backed stablecoin market.
- Zero fees for USDC/USD conversions on OKX.
- 50 countries connected through Finastra’s settlement rails.
- 4 Korean banks in talks with Circle on a potential digital won issuance.
Beyond payments, Circle is aiming higher: the company has filed for a U.S. banking license to transform USDC into a native part of the financial system.
🔹 Why This Matters
This collaboration is more than just a technical integration:
- It places stablecoins inside the banking infrastructure, not just at the edges of crypto exchanges.
- It strengthens regulatory trust in stablecoins by leveraging Mastercard’s compliance systems.
- It signals the beginning of a world where stablecoins like USDC can serve as a monetary backbone for digital economies.
@ Newshounds News™
Source: CoinTribune
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Final List of XRP ETF Awaiting SEC Approval: Dates, Filings, And Deadlines
The SEC’s final decisions on multiple spot XRP ETF proposals are expected between October and December 2025, with analysts predicting approval could unlock billions in inflows — potentially surpassing Bitcoin and Ethereum ETFs in size.
At present, eleven XRP ETF proposals are under review, spanning from major asset managers to crypto-native firms. Bloomberg Intelligence data shows a mix of spot ETFs, futures ETFs, and leveraged products awaiting final SEC rulings.
🔹 ProShares Ultra XRP ETF (Approved & Live)
- Filed: January 17, 2025
- Approval: July 2025 (NYSE Arca)
- Launch: July 18, 2025
- Details: First approved XRP ETF, offering 2x leveraged exposure to XRP futures.
🔹 Grayscale XRP ETF
- Filed: Sept 5, 2024 (Prospectus), Jan 30, 2025 (Form 19b-1)
- Deadlines: April 6, May 21, Aug 19, 2025
- Final SEC Decision: October 18, 2025
🔹 Grayscale Avalanche Trust for XRP (Conversion)
- Filed: Aug 25, 2025 → ETF conversion bid (Form 19b-1 March 25, 2025)
- Deadlines: May 31, July 15, Oct 13, 2025
- Final SEC Decision: December 12, 2025
🔹 21Shares XRP ETF
- Filed: Nov 1, 2024 (Prospectus), Feb 6, 2025 (Form 19b-4, Cboe BZX Exchange)
- Deadlines: April 7, May 22, Aug 20, 2025
- Final SEC Decision: October 19, 2025
🔹 Bitwise XRP ETF
- Filed: Oct 2, 2024 (Prospectus), Feb 6, 2025 (Form 19b-4, Cboe BZX Exchange)
- Deadlines: April 7, May 25, Aug 23, 2025
- Final SEC Decision: October 20, 2025
🔹 Canary Capital XRP ETF
- Filed: Oct 8, 2024 (Prospectus), Feb 6, 2025 (Form 19b-4, Cboe BZX Exchange)
- Deadlines: April 11, May 26, Aug 24, 2025
- Final SEC Decision: October 23, 2025
🔹 WisdomTree XRP ETF
- Filed: Dec 2, 2024 (Prospectus), Feb 6, 2025 (Form 19b-4, Cboe BZX Exchange)
- Deadlines: April 12, May 27, Aug 25, 2025
- Final SEC Decision: October 25, 2025
🔹 CoinShares XRP ETF
- Filed: Jan 24, 2025 (Prospectus), Feb 10, 2025 (Form 19b-4)
- Deadlines: April 11, May 26, Aug 24, 2025
- Final SEC Decision: October 23, 2025
🔹 Franklin Templeton XRP ETF
- Filed: March 11, 2025 (Prospectus), March 13, 2025 (Form 19b-4, Cboe BZX Exchange)
- Deadlines: May 3, June 17, Sept 15, 2025
- Final SEC Decision: November 14, 2025
🔹 Rex & Osprey XRP ETF
- Filed: Jan 21, 2025 (Prospectus), March 13, 2025 (Form 19b-4)
- Status: SEC decision was delayed after July 25, 2025, pending further review.
🔹 Volatility Shares XRP ETFs
- Filed: May 21, 2025 (Form N-1A)
- Products: 1x XRP Futures ETF, 2x Leveraged XRP ETF, Inverse -1x XRP ETF
- Status: Initial decision expected July 2025, but SEC delayed.
🔹 Key Takeaway
The SEC’s final decisions on XRP spot ETFs are clustered around October–December 2025. Approval would open institutional floodgates, possibly positioning XRP as the third-largest ETF market in crypto — or even leapfrogging Bitcoin and Ethereum in adoption.
📌 Note: Cboe BZX Exchange has filed 19b-4 forms on behalf of Bitwise, 21Shares, WisdomTree, Franklin Templeton, and Canary Capital to list XRP spot ETFs.
@ Newshounds News™
Source: Coinpedia
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