Regulation· ★★★· neutral·

Whale opens $90M bitcoin long ahead of CFTC crypto rules sent to White House

  • —The bitcoin long was opened for more than 3 billion baht (~$90 million)
  • —On September 17 the CFTC sent draft rules on crypto transactions and markets to OIRA
  • —The CLARITY Act failed in the Senate on September 15: 49 for, 50 against, with a 60-vote threshold
  • —There is no evidence the trader had insider knowledge
Why it matters: CFTC rules could give the market partial clarity, but their scope is narrower than legislation and they are vulnerable to policy shifts.
#BTC
Source: Siam Blockchain
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