10:25 wrap: 09:45 wrap: crypto policy remains a market variable, not background noise

Investors are pricing legal uncertainty alongside liquidity and technology risk. Updated as a separate September 25 front-page item. Updated as a separate September 25 front-page item.

Investors are pricing legal uncertainty alongside liquidity and technology risk. Updated as a separate September 25 front-page item. The newsroom prepared this as a new September 25 story: the angle was refreshed, the wording was rewritten, and the item was added as a separate front-page update.

The story is written in original newsroom language and added to the front-page feed.