Good morning. Here’s what’s happening:

Prices: Crypto markets are playing the waiting game as tech‘s expected mixed bag of earnings may push things down as the week progresses.

Insights: Do Kwon is in a Montenegro jail on charges he sold unregistered securities, but his attorneys raised a reasonable point about the SEC quest for unlimited jurisdiction over the asset class.

Prices

CoinDesk Market Index (CMI) 1,192 −11.8 ▼ 1.0 Bitcoin (BTC) $27,514 −335.0 ▼ 1.2 Ethereum (ETH) $1,845 −37.6 ▼ 2.0 S&P 500 4,137.04 +3.5 ▲ 0.1 Gold $2,007 +27.5 ▲ 1.4 Nikkei 225 28,593.52 +29.2 ▲ 0.1 BTC/ETH prices per CoinDesk Indices, as of 7 a.m. ET (11 a.m. UTC)