$BTC (24h -0.51%) | U.S. Treasury orders a certain exchange cut off from the U.S. financial system, citing its involvement in at least $16 billion in illicit fund flows
Regulatory news comes in two waves: the first is the announcement, which is quickly priced in; the second is the detailed rules, which take longer to unfold. The panic triggered by the first wave is often partially corrected when the second arrives.
Regulatory news comes in two waves: the first is the announcement, which is quickly priced in; the second is the detailed rules, which take longer to unfold. The panic triggered by the first wave is often partially corrected when the second arrives.
