PANews reported on July 18 that according to Decrypt, the cryptocurrency trading platform Kraken officially launched CME Bitcoin and Ethereum futures contract trading services in the United States on Thursday, marking its first entry into the U.S. compliant derivatives market. The move coincided with the passage of two landmark digital asset bills, GENIUS and CLARITY, by the U.S. Congress, marking a turning point in U.S. crypto policy. The new regulations will bring a clearer regulatory framework to the industry, while further consolidating the position of the U.S. Commodity Futures Trading Commission (CFTC) as the main regulator. At the same time, the U.S. Securities and Exchange Commission (SEC) has officially withdrawn its enforcement actions against three major crypto companies including Kraken, indicating a major shift in regulatory attitudes.

As reported earlier this week, Kraken launched its derivatives service KrakenDerivatives US in the U.S. market .