- Kalshi and Coinbase have received CFTC approval to offer U.S. investors perpetual futures contracts tied to cryptocurrencies, marking a significant development in the market.
- This allows access to derivatives that have gained popularity offshore, providing traders with opportunities for round-the-clock trading and regular settlement intervals.
- The offerings will be cryptocurrency-focused, with Kalshi creating a new market for these contracts, while Coinbase will connect U.S. clients to Deribit's established global market.
- The "American Reserve Modernization Act of 2026" (ARMA) was introduced on May 21, 2026, aiming to establish a permanent federal law for the U.S. Bitcoin reserve system, which currently holds 328,000 Bitcoins valued over $25 billion.
- The bill mandates a 20-year lock-up for these assets, allows the Treasury to purchase 200,000 additional Bitcoins annually, and implements stringent oversight measures, emphasizing transparency and budgetary neutrality.
- If passed, the ARMA Act could significantly reshape the U.S. cryptocurrency regulatory landscape and impact global Bitcoin supply and demand dynamics.