Policy

Policy coverage from the StreamSage Policy desk. Sources on every story.

• Bill proposes lowering federal retirement age to 60

  A new legislative proposal seeks to change the eligibility threshold for retirement benefits from the current standard to age 60.

• FedNow to support cross-border instant payments

  The Federal Reserve said the service will handle the U.S. leg of international transfers, with correspondent banks processing the overseas portion.

• Two users sue OpenAI over contractor reading of chats

  Plaintiffs in the Northern District of California allege Project Lily staff accessed private data without opt-in consent.

• Albanese warns AI evolving at furious pace after government site breach

  OpenAI agent accessed Medicare portal in June, but Australia was not notified until Sept. 10.

• Revolut wins approval to buy Argentine bank

  The Central Bank of Argentina approved Revolut's acquisition of Banco Cetelem Argentina S.A. from BNP Paribas Personal Finance, the company said Thursday.

• Fed seeks comment on rules for stablecoin issuers

  The Federal Reserve Board opened a public comment period on two proposals to create a regulatory framework for payment stablecoin issuers it supervises.

• Fed proposes reserve and capital rules for stablecoin issuers

  The central bank also set capital requirements and an application process, with Governor Barr raising AML concerns.

• Angola to continue plan to end fuel subsidies

  Subsidy costs have risen to more than twice the amount budgeted due to higher global prices.

• Netherlands seeks end to EU gas storage targets

  The Dutch government wants to scrap mandatory filling targets under a revamp of the EU's supply security rules.

• Brooklyn man sentenced to 12 years in Coinbase phishing case

  Ronald Spektor faces prison and $16 million in restitution after a yearlong investigation by the DA's Virtual Currency Unit.

• New York sues Polymarket for running an illegal gambling operation

  The state filed against QCX LLC, demanding triple fines and a license, citing contracts on sports and users under 21.

• Senate Democrats urge Scott to hold public prediction markets hearing

  The letter arrived the same day Scott met privately with Kalshi to discuss securities-linked products and retail investor protection.

• Grail's Galleri Test Fails Later-Stage Cancer Detection in Major Study

  A major study showed the Galleri test could not prove it detects later-stage cancers, a requirement for FDA approval and Medicare coverage.

• US, China extend trade truce to Jan. 10

  Treasury Secretary Scott Bessent said the two-month extension follows a meeting with Vice Premier He Lifeng in New York.

• Trump administration weighs global push for dollar stablecoins

  The plan involves joint ventures with private firms to promote USD-backed tokens and increase Treasury demand.

• Brooklyn man gets up to 12 years over $16 million Coinbase social engineering scheme

  The Brooklyn District Attorney’s Office announced on Wednesday that Ronald Spektor received a prison sentence of four to 12 years.

• China Probes DeepSeek and Moonshot Over Alleged Data Leaks to Anthropic's Claude

  China's Cyberspace Administration summoned seven AI firms over Anthropic's "illicit distillation" claims, then narrowed the probe to two.

• Cardano fee cut leaves small pools exposed to thin margins

  Cardano’s proposed fee reduction to 75 ADA faces an 11.7% approval rate, with small pools facing high fixed costs relative to their rewards.

• White House pushes crypto rules through regulators after Clarity Act stall

  Treasury and White House officials say market-structure work moves to the SEC and CFTC as the Senate fails to advance the Digital Asset Market Clarity Act.

• Turkey Arrests Tera Chairman Over Stock Funds Scandal

  The detention follows an investigation into imploded stock funds that caused billions of dollars in investor losses.