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CFTC Chair Michael Selig said that under the proposed rules, only federally regulated cryptocurrency exchanges may offer leveraged trading, and the United States will not approve the 100 x leverage commonly seen in offshore markets.
[New Fundraising] OKX Completes Funding Round at a $25 Billion Valuation; Standard Chartered Bank and Circle Among Investors https://www.rootdata.com/projects/detail/okx?k=Mzg5Nw%3D%3D&nt=transparency_disclosure Source: https://www.bloomberg.com/news/articles/2026-10-06/crypto-exchange-okx-raises-at-25-billion-from-stanchart-circle
AggrNews relayed Bloomberg's report that OKX reportedly received financing from Standard Chartered Bank and Circle, with a valuation of 25000000000 USD. The original source states that it does not guarantee accuracy; the relevant parties have not confirmed it.