Policy

Policy coverage from the StreamSage Policy desk. Sources on every story. Page 3.

• France Draft 2027 Budget Meets EU Spending Limit

  The French budget plan forecasts a 0.7% rise in net primary expenditure, staying below the 1.2% ceiling set by the European Commission.

• Newsom Orders State to Strengthen AI Safety Laws

  The governor directed a panel of national experts to deliver a guide within two months for reinforcing California’s AI oversight rules.

• Lagarde Blocked Binance's EU Entry, WSJ Reports

  The central bank chief intervened after Binance withdrew its MiCA application in Greece in June, leaving the exchange without a license in the bloc.

• New community bank charter costs $20 million in capital

  OCC reports 40 de novo applications in 18 months, up from fewer than four annually in the mid-2010s.

• FCA draws the UK boundary for offshore crypto platforms ahead of 2027 rules

  FCA boundary test splits offshore crypto platforms by trading role

• TRON treasury wallet switched to HTX intermediary three days after UK sanctions

  On-chain data shows daily TRX flows from a sanctioned HTX wallet stopped May 29, three days after UK sanctions hit Huobi Global, before an HTX-funded intermediary took over.

• BitBank software links Iran's crypto network to new sanctions

  Treasury's new sanctions on BitBank and its developer trace the corporate infrastructure behind billions in alleged IRGC-linked Bitcoin transfers.

• Banks double share on EU MiCA crypto provider list to 23%

  Banks now account for nearly one in four providers on the register after roughly doubling their numbers since late June, CoinTelegraph reported.

• CFTC files crypto rulemaking with White House

  The agency sent its crypto asset market structure proposal to OIRA on September 18, 2026, for review.

• Lagarde Intervened to Block Binance's EU License Bid

  The ECB president reportedly pressured Greece to delay approval until ESMA takes over licensing, citing stablecoin risks to the digital euro.

• UAE, Sweden Arrest Seven in Crypto Laundering Ring

  Seven suspects were detained over a $7.1 million network that used cryptocurrency to move criminal proceeds.

• BitBank Sanctions Confirm EO 13902 Extension to Digital Assets

  Treasury’s designation of BitBank and four others under Executive Order 13902 confirms the August extension to Iran’s digital asset sector, exposing non-U.S. firms to secondary sanctions.

• Treasury Links Strait of Hormuz Tolls to BitBank in New OFAC Action

  OFAC confirmed that a Tehran exchange processed tanker fees for the Strait of Hormuz, though the release did not include the wallet addresses needed to trace the on-chain flows.

• SEC caps tokenized stock volume at 0.25% of daily trading

  The SEC's five-year sandbox for onchain U.S. stocks limits each venue to 0.25% of average daily volume for top-tier names.

• CFTC Extends No-Action Relief to Passive Software Developers

  The agency will not recommend enforcement against non-custodial developers for failing to register as introducing brokers, expanding March guidance.

• SEC Tokenization Exemption Meets $15.75B Offshore Trading Volume

  A five-year SEC pathway for onshore tokenized stocks arrives as offshore volume hits $15.75 billion monthly, with weekend turnover up 4.4-fold in three weeks.

• CFTC letter exempts passive crypto apps from broker registration

  The agency extended relief first granted to Phantom Technologies, allowing software developers to connect users to regulated derivatives without registering as introducing brokers.

• Treasury Sanctions BitBank in Latest Blow to Iranian Crypto Infrastructure

  The designations extend Operation Economic Outcast to Zanjani-linked software and a bitcoin-settled insurance platform targeting $10 billion in revenue.

• FDIC merger clock drops to 64 days

  The FDIC board unanimously approved a rule codifying review timelines, with de minimis deals eligible for processing in five days.

• House passes tech modernization, fraud, and penny bills

  Four bills advanced by the House Financial Services Committee cleared the chamber this week, including measures to update regulatory tech and end penny production.