US Lawmakers Face Insider Trading Ban as Crypto Exchange BitMEX Set to Shut Down

The US House of Representatives has passed legislation aimed at prohibiting members of Congress from engaging in insider trading, marking a significant step toward strengthening public trust in government.

The bill seeks to eliminate the perception that lawmakers can use confidential information gained through their official duties to make profitable investment decisions before the public has access to the same information.

BitMEX, one of the most influential cryptocurrency exchanges, will cease operations on September 23, 2026. The decision follows a strategic review of its business and future direction.