Hiring slowed and prior months were revised down, but bonds and gold rejected the market’s first dovish move.

The proposal would give advisers and regulated funds a clearer route to hold client crypto assets under institutional controls.

Brent climbed after the U.S. rejected Iran’s proposal to reopen Hormuz, lifting yields and pressuring gold.

AB 2409 targets official-linked token issuance and adds prospective platform restrictions from January 2027.