Policy

Policy coverage from the StreamSage Policy desk. Sources on every story. Page 6.

• Senate to vote on Clarity Act cloture

  The vote determines whether the bill advances to debate. It requires 60 votes, so 53 Republicans are not enough.

• Warren seeks new crypto bill after rejecting Clarity Act

  The senator said she would lead banking committee negotiations to rewrite the ethics clauses if Democrats take control in November.

• Bessent calls US yen support nominal, says stronger currency aids exports

  Treasury Secretary said the US used a small amount in the coordinated effort to support the Japanese currency on Sept. 15.

• ECB seeks merchants for 12-month digital euro pilot

  The European Central Bank wants e-commerce and mobile merchants to join testing of a beta currency starting in late 2027, ahead of a possible 2029 launch.

• House committee releases sweeping crypto tax bill ahead of Wednesday markup

  The House committee released a crypto tax bill ahead of Wednesday's markup, embedding a wash-sale rule for digital assets.

• House crypto tax bill keeps mining and staking rules

  A 114-page proposal would update tax rules for fees, stablecoins and lending without changing when miners and validators pay tax on rewards.

• Oman says Hormuz shipping meeting with Iran delayed

  Oman’s foreign minister said the gathering was scheduled for Monday but has been postponed.

• Tata Trusts weighs options to contest RBI IPO order

  Tata Trusts leadership is evaluating legal challenges after the RBI quashed the group's bid to avoid an IPO.

• Thailand’s stablecoin proposal would block transfers to other people’s wallets

  Thailand’s proposed same-owner rule would ban stablecoin transfers to anyone’s wallet except the customer’s own, but the document leaves it unclear whether its own cap waiver resurrects those transfers.

• BRICS Nations Issue Joint Statement at New Delhi Summit

  A 45-page communique from ten BRICS members in India targeted US Middle East war policy, tariffs, and sanctions without naming Washington.

• US Forces Redirect 100 Commercial Vessels in Iran Blockade

  Central Command reported that 100 commercial vessels have been diverted over the past 60 days as the maritime blockade against Iran continues.

• Tata Sons must list: RBI rejects waiver on Sept. 11

  A Sept. 11 letter from the Reserve Bank of India denies Tata Sons' request for an exemption, keeping the $185bn holding company bound by shadow-lender listing rules.

• OSFI's new rule lets banks net out matched crypto hedges

  A Sept. 10 OSFI guideline allows full capital recognition for same-asset, same-maturity Group 2a hedges across exchanges, effective late 2026.

• Federal Agencies Propose Updated Rules for Bank Third-Party Risk

  The FDIC, Federal Reserve, NCUA and OCC will accept public comment on the new guidance for 60 days after it is published in the Federal Register.

• CFTC to auto-pay tipsters up to $5 million

  The agency will award 30% of penalties automatically to reduce paperwork and match SEC rules.

• European Groups Ask EU to Lift Tokenized Asset Transaction Caps

  ADAN and 27 partners argue the proposed 100 billion euro cap is insufficient for current market volumes.

• OpenAI Asks Congress Whether AI Slowdown Would Violate Antitrust Law

  The inquiry comes as a bipartisan bill seeks to protect certain security collaborations between AI developers.

• GENIUS Act Compliance Shifts to Back Offices

  Permitted issuers must maintain 100% reserves while regulators implement rules for machine-speed AML and wallet monitoring.

• ESMA says prediction markets are rife with inside trading

  New wallets profited $1.2 million before Iran strikes, a figure ESMA's own risk monitor now backs up with a second document.

• Albuquerque gives crypto ATM operators 45 days to exit

  Councilors framed the 45-day removal window around a claim that nearly all local kiosk activity is fraudulent.