US regulators are continuing to make vague statements about maybe doing something to temper the madness in the crypto markets: US regulators may be about to put a leash on your doges, according to this front page story in the Financial Times, which may be overreaching slightly with its headline. Michael Hsu, the US Treasury’s new comptroller of the currency, tells the salmon-colored paper that he wants agencies to set up a “regulatory perimeter” for crypto assets, and speaks of “some interest” among “some” of his peers for “coordinating.”

Seems kinda non-committal and vague in comparison to Beijing, which went almost nuclear earlier this month by banning financial institutions and payment companies from using crypto and pledging to clamp down on bitcoin mining and trading.

Crypto assets of all stripes have been on a wild ride this year, soaring to record highs during the first quarter before crashing over the past two weeks, whipsawing largely on the whims of tech bn’aire and Tesla boss Elon Musk.

THE CLOSING BELL-

The EGX30 rose 0.6% at today’s close on turnover of EGP 1.37 bn (5% above the 90-day average). Regional investors were net sellers. The index is down 5% YTD.

In the green: CI Capital (+8.4%), Pioneers Holding (+7.2%) and Palm Hills Development (+3.9%).

In the red: Ibnsina Pharma (-2.1%), Export Development Bank of Egypt (-2.1%) and MM Group (-2.1%).