Gate News report: On March 20, according to Onchain Lens monitoring, a certain whale recently converted its position from short to long, and opened 20x leverage long positions on BTC and ETH. The whale currently holds 284.68 BTC, valued at approximately $20 million; and holds 9,336 ETH, valued at approximately $20 million. Through such frequent leveraged operations, the whale has accumulated profits exceeding $4 million.
The White House is expected to submit a framework on artificial intelligence regulation to Congress on Friday, which will include provisions on child safety and creator review. Although states are pushing for related legislation, Congress faces disagreements on details, and the overall plan faces challenges in moving forward.
The U.S. cryptocurrency market structure CLARITY Act negotiations are nearing completion, with updated text submitted to the White House, and the Senate discussing bridging final gaps. Compromises on stablecoin yield are imminent, with some concessions to community banks still under discussion. Meanwhile, the SEC has released crypto asset classification definitions, emphasizing the need for Congress to rewrite legislation.
