Crypto and equity markets snapped multi-session selloffs while traders weighed a U.S. sanctions pause on Russia, Middle East airspace warnings, and a late-stage Israeli election endorsement.
The SEC proposal would let advisers self-custody crypto only when permitted custodians are unavailable, while industry and investor-protection groups split over whether the guardrails are workable.
The Federal Reserve has proposed reserve and redemption rules for issuers it supervises, plus a separate bank application process. The rules are open for comment, not in force.