#SEC and CFTC Commissioner Seats Vacant
Two crypto-regulating agencies with fewer people to start with.
According to Cointelegraph, after Friday, the total seven commissioner seats at the SEC and CFTC will be vacant, leaving only a small number of officials to oversee this market.
After the news broke, the $BTC contract moved from 83524.7 to 83573.4, a change of 0.06%. The open interest value changed by 0.02%. In the past hour, the active buy/sell ratio was 0.741; the sell orders were 1.35 times the buy orders, and the order book did not show a clear direction. With regulators stretched thin, the pace of pushing new rules may slow, which could act as a buffer for BTC. However, policy direction depends more on a few people, increasing uncertainty. Whether the trend continues depends on whether the 24-hour low at 82724.3 is broken.
Two crypto-regulating agencies with fewer people to start with.
According to Cointelegraph, after Friday, the total seven commissioner seats at the SEC and CFTC will be vacant, leaving only a small number of officials to oversee this market.
After the news broke, the $BTC contract moved from 83524.7 to 83573.4, a change of 0.06%. The open interest value changed by 0.02%. In the past hour, the active buy/sell ratio was 0.741; the sell orders were 1.35 times the buy orders, and the order book did not show a clear direction. With regulators stretched thin, the pace of pushing new rules may slow, which could act as a buffer for BTC. However, policy direction depends more on a few people, increasing uncertainty. Whether the trend continues depends on whether the 24-hour low at 82724.3 is broken.
