SEC Approves 3x Fix to Curb Bitcoin, Ethereum Price Swings

The US Securities and Exchange Commission (SEC) has approved a measure aimed at mitigating the impact of extreme price swings on traders of Bitcoin (BTC) and Ethereum (ETH).

The 3x fix, as it's being called, is intended to reduce the volatility of the two largest cryptocurrencies by limiting the amount of leverage available to traders during periods of high price movement.

The SEC has not disclosed the details of the measure, but industry insiders suggest it may involve limiting the amount of margin available to traders or imposing stricter risk management requirements.

The move is seen as a response to growing concerns about the impact of extreme price volatility on the crypto market, which has been plagued by wild swings in recent years.