Litopenaeus setiferus has been described as an economically important native species ranging from the north Atlantic along the coast of the Gulf of Mexico to Florida. Its reproduction has been studied in captivity, as well as some aspects of its nutritional physiology, diseases and adaptation to various environments, including nurseries. In terms of growth, L. setiferus has been compared with L. vannamei for its performance in ponds. As a native species, L. setiferus benefits local fisheries and is also used as a bait shrimp for recreational activity. The present review covers background information and recent advances in research and development efforts to determine its potential both for aquaculture in ponds and intensive biofloc systems (BFT), as well as for the stocking of fishing grounds. The collective research advances for this species presented in this review could help to sustain various strategies, including highly intensive techniques, to rehabilitate L. setiferus in connection with potential institutes.