Policy

Policy coverage from the StreamSage Policy desk. Sources on every story. Page 5.

• Clarity Act Cloture Fails as House Cancels Votes Before Recess

  Coinbase shares fell about 7% after the bill stalled, with industry leaders saying the SEC and CFTC will now take the lead on digital asset rules.

• XRP Drops 8% as Senate Blocks CLARITY Act Progress

  Cumulative ETF inflows for XRP stand at $1.71 billion, a figure the market is now testing against the regulatory setback.

• House Committee Advances First-Ever Crypto Tax Bill

  The Digital Asset Tax Certainty Act cleared the Ways and Means Committee 38 to 5 on Wednesday, setting up a post-election path through the House.

• UK AML Shift Targets Crypto Networks With £500M Investment

  New strategy deploys 500 officers and expands FCA oversight to 60,000 firms to disrupt tech-enabled illicit finance infrastructure.

• US Charges Five Over Alleged Russian Assassination Plot

  The Justice Department unsealed charges against five individuals linked to Russian intelligence services.

• Celsius estate pursues $495 million BitMEX claim before trading ends

  The complaint targets a leveraged long contradicting delta-neutral claims, filed 11 days before BitMEX stops trading.

• House panel advances first federal crypto tax framework

  The Digital Asset Tax Certainty Act passed 38-5, exempting fees under $10, as the Senate’s Clarity Act failed.

• JPMorgan: Clarity Act Not Fully Dead After 49-50 Senate Vote

  The crypto market structure bill fell short in a procedural vote, with analysts saying the window for passage before the midterms is extremely narrow.

• House tax panel passes crypto bill with 38-5 vote

  The Digital Asset Tax Certainty Act sets a $10 small-transaction threshold and expands wash sale and broker rules to digital assets.

• Hamas donor letter directs crypto flow away from Binance

  A DOJ filing shows Al-Qassam Brigades instructed donors to use USDT on Tron via five apps while avoiding Binance, which compliance firms say their controls already block.

• UK draft exempts stablecoin payments from dealer rules

  Laid before Parliament on Sept. 15, the draft instrument would exclude qualifying transfers from dealing and arranging rules, with amendments starting Oct. 25, 2027.

• SEC Proposes Rescission of Shareholder Proposal Rule and Reforms to Proxy Solicitation Process

  The Securities and Exchange Commission proposed on Sept.

• UK crypto guidance sets hard deadline for offshore firms

  The FCA’s new perimeter rules catch overseas firms serving UK retail clients, with a February 2027 deadline that determines who keeps operating during the transition.

• Bernstein Says Clarity Act Failure Puts Rulemaking With SEC and CFTC

  Analysts expect swift SEC and CFTC actions while stablecoin rewards on idle balances remain permitted until further guidance.

• UK Backs Money Laundering Crackdown With $676M and 500 New Officers

  The Home Office announced on Tuesday that Britain will recruit 500 officers across police forces, the National Crime Agency and the Crown Prosecution Service.

• Underdog sues Connecticut over sports prediction market crackdown

  The company argues its federally regulated status exempts it from state enforcement under the Commodity Exchange Act.

• Tether's USDT Freeze Gives FBI a Direct Custody Route

  The Sept. 14 filing confirms Tether can burn frozen USDT for FBI, while prosecutors trace $1.5 billion through Binance.

• OpenAI joins rivals on AI safety despite antitrust concerns

  Lehane says OpenAI supports mandatory outside evaluation under the FRONTIER Act and sees no need for an antitrust waiver.

• Senate Fails to Advance Digital Asset Market Clarity Act on 49-50 Vote

  The procedural vote fell short of the 60 required for cloture, leaving key market structure questions unresolved as agencies continue rulemaking.

• Senate GOP floats diesel export ban as prices hit record

  The proposal follows diesel prices reaching a record $6.27 a gallon, according to MarketWatch.