CFTC Lifts Restrictions on American Investment in Foreign Crypto Markets

[Webster]

The Street: CFTC clears path for Americans to trade on foreign crypto platforms

On Aug. 28, the Commodity Futures Trading Commission’s Division of Market Oversight issued an advisory as per which users based in the U.S. can now trade on non-U.S. crypto exchanges. “Today’s FBOT advisory provides the regulatory clarity needed to legally onshore trading activity that was driven out of the United States due to the unprecedented regulation by enforcement approach of the past several years,” said Acting Chairman Caroline D. Pham.

Pham added the move is part of the CFTC's longstanding approach to let American traders access the:
--deepest and most liquid global markets and
--a broad range of products and asset classes

She also said the step makes way for American crypto trading companies that were forced to establish themselves abroad to again access U.S. markets.

Acting Chairman Pham Announces FBOT Advisory to Provide Regulatory Clarity for Non-U.S. Exchanges | CFTC

WASHINGTON, D.C. — The Commodity Futures Trading Commission’s Division of Market Oversight today issued an advisory regarding the foreign board of trade (FBOT) registration framework for non-U.S. entities legally organized and operating outside the United States that seek to provide persons...

www.cftc.gov

 

[gwolf666]

As of Friday, the United States eliminated the tariff exemption for packages valued under $800, meaning all shipments will now be subject to taxes, increasing costs for e-commerce, small businesses, and consumers. For six months, there will be a flat-rate option between $80 and $200 per package sent from postal agencies, but after that, tariffs will be applied based on the package's value and origin.

 

[Webster]

As of Friday, the United States eliminated the tariff exemption for packages valued under $800, meaning all shipments will now be subject to taxes, increasing costs for e-commerce, small businesses, and consumers. For six months, there will be a flat-rate option between $80 and $200 per package sent from postal agencies, but after that, tariffs will be applied based on the package's value and origin.

And given how countries had long abused the de minimis exemption to tariffs, this is bad how again?