{"id":72501,"date":"2026-10-01T23:38:17","date_gmt":"2026-10-02T03:38:17","guid":{"rendered":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/sec-proposes-new-crypto-custody-framework-japan-signals-end-of-stimulus\/72501\/"},"modified":"2026-10-01T23:38:17","modified_gmt":"2026-10-02T03:38:17","slug":"sec-proposes-new-crypto-custody-framework-japan-signals-end-of-stimulus","status":"publish","type":"post","link":"https:\/\/www2.stockmarketwatch.com\/stock-market-news\/sec-proposes-new-crypto-custody-framework-japan-signals-end-of-stimulus\/72501\/","title":{"rendered":"SEC Proposes New Crypto Custody Framework; Japan Signals End of Stimulus"},"content":{"rendered":"<h2>Key Takeaways<\/h2>\n<ul>\n<li><strong>The U.S. SEC proposed a new regulatory framework<\/strong> to simplify how registered investment advisers and funds custody crypto assets, potentially allowing for <strong>self-custody<\/strong> and the use of <strong>state trust companies<\/strong>.<\/li>\n<li><strong>Japan\u2019s Economy Minister Minoru Kiuchi declared the nation is no longer in deflation<\/strong>, signaling that extraordinary monetary stimulus is no longer required and emphasizing a shift toward fiscal discipline.<\/li>\n<li><strong>Accenture (<a href=\"\/stock\/ACN\">ACN<\/a>) shares surged<\/strong> following a price target hike from <strong>JPMorgan to $242<\/strong> and strong demand for AI-driven consulting services.<\/li>\n<li><strong>Samsung Heavy Industries secured a 672.2 billion-won ($494 million) order<\/strong> for two LNG carriers, bringing its total 2026 orders to 20 vessels and exceeding its annual target by 40%.<\/li>\n<li><strong>Nike (<a href=\"\/stock\/NKE\">NKE<\/a>) faced a significant price target cut<\/strong> from Piper Sandler to <strong>$28 from $38<\/strong>, as analysts cited a &quot;deteriorating&quot; athletic footwear backdrop and intensifying promotional pressure.<\/li>\n<\/ul>\n<h2>SEC Moves to Modernize Crypto Custody Rules<\/h2>\n<p>The <strong>U.S. Securities and Exchange Commission (SEC)<\/strong>, under Chairman <strong>Paul S. Atkins<\/strong>, has proposed new rules designed to provide a compliant pathway for investment advisers and regulated funds to hold crypto assets. The proposal aims to replace &quot;grey uncertainty&quot; with a tailored framework that would permit <strong>self-custody<\/strong> under specific conditions and expand the list of qualified custodians to include <strong>state trust companies<\/strong>. This shift marks a significant departure from previous 2023 proposals, reflecting a more <em>permissive regulatory stance<\/em> intended to cement the U.S. as a global crypto hub.<\/p>\n<h2>Japan Signals Pivot Away from Extraordinary Stimulus<\/h2>\n<p>In a series of statements on Friday, <strong>Japan\u2019s Economy Minister Minoru Kiuchi<\/strong> stated that the country has successfully moved past its deflationary era. Kiuchi noted that <strong>&quot;excessively loose policy&quot;<\/strong> is no longer needed to pursue higher inflation, although he maintained that specific interest rate decisions remain the mandate of the <strong>Bank of Japan (BOJ)<\/strong>. Simultaneously, <strong>Finance Minister Satsuki Katayama<\/strong> announced plans to streamline approximately <strong>200 existing government funds<\/strong> worth <strong>\u00a57 trillion<\/strong> ($44 billion) to improve fiscal efficiency and fund new growth initiatives without relying on deficit-covering bonds.<\/p>\n<h2>Corporate Earnings and Analyst Actions<\/h2>\n<p><strong>Accenture (<a href=\"\/stock\/ACN\">ACN<\/a>)<\/strong> saw its price target raised to <strong>$242<\/strong> by <strong>JPMorgan<\/strong>, up from $200, as the firm capitalizes on a massive wave of <strong>AI-driven consulting demand<\/strong>. The stock has recently traded as a proxy for digital infrastructure, bolstered by a major partnership with <strong>Anthropic<\/strong> and the launch of its new &quot;Accenture Construct&quot; unit targeting the $260 billion capital projects market.<\/p>\n<p>Conversely, <strong>Nike (<a href=\"\/stock\/NKE\">NKE<\/a>)<\/strong> continues to struggle with weakening consumer demand. <strong>Piper Sandler<\/strong> aggressively lowered its price target to <strong>$28<\/strong>, citing a <strong>71% year-over-year increase<\/strong> in discounted products which is expected to severely compress margins through fiscal 2027. Other notable analyst moves include <strong>Piper Sandler<\/strong> raising price targets for <strong>Cigna (<a href=\"\/stock\/CI\">CI<\/a>)<\/strong> to <strong>$370<\/strong> and <strong>Pinnacle Financial Partners (<a href=\"\/stock\/PNFP\">PNFP<\/a>)<\/strong> to <strong>$125<\/strong>.<\/p>\n<h2>Industrial and Security Developments<\/h2>\n<p><strong>Samsung Heavy Industries<\/strong> continues its dominant run in the shipbuilding sector, announcing a <strong>672.2 billion-won<\/strong> contract for two LNG carriers for an Asian shipowner. The company has now secured <strong>$8 billion<\/strong> in orders this year, representing <strong>140% of its initial $5.7 billion target<\/strong>. Meanwhile, <strong>Toyota Motor (<a href=\"\/stock\/TM\">TM<\/a>)<\/strong> maintained its <strong>&#39;A+&#39; credit rating<\/strong> with a <strong>Stable Outlook<\/strong> from <strong>Fitch Ratings<\/strong>, supported by the automaker&#39;s robust liquidity and strong demand for hybrid electric vehicles despite global trade risks.<\/p>\n<p>In a significant security development, the <strong>U.S. Department of Justice<\/strong> announced the arrest of <strong>Ashton Hamed Ellaboudy<\/strong>, a Department of Energy employee. Ellaboudy is alleged to have attempted to provide <strong>material support to the Houthis<\/strong>, including expertise in drone technology and explosives, following a clandestine trip to Yemen.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Key Takeaways The U.S. SEC proposed a new regulatory framework to simplify how registered investment advisers and funds custody crypto 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