PANews reported on May 30 that according to CoinDesk, Dubai crypto exchange Fastex announced the establishment of a US office in Los Angeles, which will provide US users with spot trading services such as BTC and ETH. The exchange's chief legal officer said that although the United States has not yet established a clear crypto regulatory framework, the SEC's recent relaxation of law enforcement has led to this expansion. Fastex will not apply for the New York State BitLicense for the time being, and will give priority to the acquisition of the Dubai VARA license. The next step is to expand into the Latin American market, with Brazil as the first stop.