While Bitcoin and Ethereum are still trying to find a direction, the Trump administration is preparing to take one of the most radical regulatory steps in the history of the US stock market. According to reports, the Securities and Exchange Commission (SEC) plans to publish this week an "innovative exclusion" for tokenized shares — a regulatory framework that would open trading of digital versions of publicly listed companies on crypto platforms.

What is an "innovative exclusion" and why is it needed? The SEC intends to issue the exclusion for tokenized shares as part of a broader initiative it calls "Project Crypto." The exclusion could allow crypto platforms to offer on-chain trading of equities without full registration as a broker-dealer, under certain circumstances and for a limited experimental period.

In essence, this is about creating a parallel stock market on the blockchain — operating 24/7 and able to provide instantaneous settlement instead of the traditional two?day cycle.

Remember that tokenization of equities is mainstream this year. Tokenized shares are blockchain?based versions of securities that can trade around the clock and settle faster than traditional shares. Proponents say the concept can reduce settlement delays and make markets more globally accessible. Critics warn of liquidity fragmentation and investor protection risks. In any case, it is another step in the evolution of digital assets, which market participants will no doubt welcome.

Trading recommendations

Bitcoin

Buyers are currently targeting a return to $78,400, which would open a direct path to $80,100, and from there, the level of $81,700 is within reach — a break above which would signal attempts to resume a bull market. On the downside, buyers are expected around $76,500; a drop back below that area could quickly push BTC toward $74,700. The longer-term target would be the $73,100 area.

Ethereum

A clear close above $2,146 opens the direct road to $2,222. The longer-term target is the high around $2,291; surpassing that would indicate strengthening bullish sentiment and renewed buyer interest. On the downside, buyers are expected at $2,084; a fall back below that area could quickly push ETH toward $1,997. The longer-term target would be the $1,911 area.

What's on the chart

• The red lines represent support and resistance levels, where the price is expected to either pause or react sharply.
• The green line shows the 50-day moving average.
• The blue line is the 100-day moving average.
• The lime line is the 200-day moving average.

Price testing or crossing any of these moving averages often either halts movement or injects fresh momentum into the market.