By Isaac • August 23, 2026 11:19 am •
Washington has already opened a regulated door for Americans to trade Bitcoin with continuous leverage.
The door for founders who want to raise public money for a new token is still locked.
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That is the striking sequence behind the latest phase of U.S. crypto policy. CryptoSlate’s review of the rollout found that true Bitcoin perpetual futures are now live at regulated U.S. venues, while the Securities and Exchange Commission’s crypto-specific fundraising framework remains only a proposal; its reporting separated approved products, expired regulatory relief and open proposals so readers can see which routes are usable now.
The difference is not academic. A trader can now take a Bitcoin position larger than the collateral posted and keep
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