Geopolitics Alpha

Washington’s big crypto bill is stuck. The SEC is pushing ahead anyway

Published . Updated .

The SEC has proposed new rules that would make it easier for investment advisers and regulated funds to hold cryptocurrencies on behalf of clients.

Directly affected

  • CRCW Crypto

    Named in this report.

Indirectly affected

  • IBIT iShares Bitcoin Trust

    This price moves with the crypto market

  • COIN Coinbase

    The crypto exchange moves with trading volumes

  • MSTR Strategy

    This company's value is tied to its bitcoin holdings

  • MARA MARA Holdings

    Bitcoin miners move with the bitcoin price

  • RIOT Riot Platforms

    Bitcoin miners move with the bitcoin price

  • HOOD Robinhood

    Retail trading apps move with crypto volumes

  • EZPZ FRANKLIN CRYPTO INDEX ETF

    GA selected EZPZ as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BITW BITWISE 10 CRYPTO INDEX ETF SHS REPSTG UNIT BEN INT

    GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • BLOX NICHOLAS CRYPTO INCOME ETF

    GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

  • FDIG FIDELITY CRYPTO INDUSTRY AND DIGITAL PAYMENTS ETF

    GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
CRCW———————
IBIT———————
COIN———————
MSTR———————
MARA———————
RIOT———————
HOOD———————
EZPZ———————
BITW———————
BLOX———————
FDIG———————

The price since 2 Oct 2026: Franklin Crypto Trust (EZPZ) versus the S&P 500

Since the first closing price after “Washington’s big crypto bill is stuck. The SEC is pushing ahead anyway,” Franklin Crypto Trust (EZPZ) is -5.70%. The S&P 500 fund (SPY) is -1.08% over the same days, a -4.62% difference versus the market.

EZPZ
SPY

Who gains and who loses around Franklin Crypto Trust (EZPZ)

Companies mentioned with this story

  • EZPZ Franklin Crypto Trust

    In “Washington’s big crypto bill is stuck. The SEC is pushing ahead anyway,” Franklin Crypto Trust (EZPZ) is linked, with no stored direction, medium confidence. Reason on file: GA selected EZPZ as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BITW Bitwise 10 Crypto Index ETF

    In “Washington’s big crypto bill is stuck. The SEC is pushing ahead anyway,” Bitwise 10 Crypto Index ETF (BITW) is linked, with no stored direction, medium confidence. Reason on file: GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • BLOX Nicholas Crypto Income Etf

    Nicholas Crypto Income Etf (BLOX) is linked, with no stored direction, medium confidence in the 2 Oct 2026 story “Washington’s big crypto bill is stuck. The SEC is pushing ahead anyway.” Reason on file: GA selected BLOX as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • FDIG Fidelity Crypto Industry And Digital Payments Etf

    For “Washington’s big crypto bill is stuck. The SEC is pushing ahead anyway,” Fidelity Crypto Industry And Digital Payments Etf (FDIG) is linked, with no stored direction, medium confidence. Reason on file: GA selected FDIG as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • GDLC Grayscale CoinDesk Crypto 5 ETF

    In “Washington’s big crypto bill is stuck. The SEC is pushing ahead anyway,” Grayscale CoinDesk Crypto 5 ETF (GDLC) is linked, with no stored direction, medium confidence. Reason on file: GA selected GDLC as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

  • OBIL Us Treasury 12 Month Bill Etf

    In “Washington’s big crypto bill is stuck. The SEC is pushing ahead anyway,” Us Treasury 12 Month Bill Etf (OBIL) is linked, with no stored direction, medium confidence. Reason on file: GA selected OBIL as a RELATED security because its canonical security name directly matches this event's themes: bill. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Franklin Crypto Trust (EZPZ)

Franklin Crypto Trust (EZPZ) is the company in “Washington’s big crypto bill is stuck. The SEC is pushing ahead anyway,” the 2 Oct 2026 this story story.

For Franklin Crypto Trust (EZPZ), the reason on file says GA selected EZPZ as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

Also listed, Bitwise 10 Crypto Index ETF (BITW): GA selected BITW as a RELATED security because its canonical security name directly matches this event's themes: crypto. This is an explainable DERIVED market relationship, not a claim that the security was named in the source article

The price range for Franklin Crypto Trust (EZPZ), and the dates in the story

BITW traded between 51.43 and 56.92 across 20 sessions. The latest close on file is 52.47. BLOX traded between 11.35 and 15.12 across 20 sessions. The latest close on file is 11.52. EZPZ traded between 20.36 and 21.94 across 12 sessions. The latest close on file is 20.59.

A simple score for Franklin Crypto Trust (EZPZ)

100 out of 100

“Washington’s big crypto bill is stuck. The SEC is pushing ahead anyway” scores 100 out of 100. The score uses 6 linked companies.