Policy

Policy coverage from the StreamSage Policy desk. Sources on every story. Page 8.

• Kalshi blocks Supreme Court bets amid split in federal appeals courts

  New Jersey petitioned the Supreme Court to resolve conflicting rulings on prediction market regulation.

• El Salvador Bitcoin Buys Since June 2025 Were Private, Not Public, IMF Says

  IMF deal on El Salvador's 40-month program would unlock about $140 million; Bitcoin neared $81,000 on Friday.

• Crypto firms push SEC to speed ETF reviews and allow confidential drafts

  Comments on the SEC's ETF review request were due Aug. 31, with firms asking for a 45-day staff response clock and a 75-day public window.

• FinCEN links $12.7B to Southeast Asian crypto scams

  Analysis of 33,904 reports from September 2023 to December 2025 shows scams ran from compounds in Cambodia, Laos, and Burma.

• Andreessen Horowitz-backed OpenReserve secures preliminary OCC approval for national bank charter

  The Block reports that Andreessen Horowitz-backed OpenReserve received preliminary conditional approval from the Office of the Comptroller of the Currency to establish a full-service national bank.

• South Korea to tokenize all securities in three stages

  FSC outlines plan starting with private funds and bonds, expanding to public securities and stablecoin settlement, with retail purchase caps and issuer capital requirements.

• AMC stock surges 21% after CEO condemns Robinhood tokens

  AMC shares rose to $3.07 overnight following CEO Adam Aron's statement that the unregistered tokenized offerings are illegal.

• SEC Custody Rule Rewrite Enters White House Review

  The SEC's proposed amendments to custody rules for advisers and investment companies are listed at the OIRA proposed-rule stage.

• Utah bans VPN use in age checks under SB 73

  SB 73 makes physical presence in Utah the trigger for age checks, with fines of $2,500 per violation.

• Coinbase files with SEC to list 24/7 equity perpetuals

  The exchange seeks approval to trade equity perps around the clock, a product it has offered offshore since March.

• Hill targets September vote on Clarity Act

  House Financial Services Chairman French Hill says the Senate vote on the CLARITY Act is scheduled for September 15.

• Sanders, Casar introduce bill to ban artificial superintelligence

  The Ban Artificial Superintelligence Act proposes up to 20 years in prison for violations and a temporary pause on advanced development.

• Solana SGP-0003 Fee Reform Fails With 53.90% Approval

  SGP-0003 received 142.844 million SOL in favor, but abstentions counted toward the two-thirds threshold required for passage.

• Revolut receives conditional OCC approval to form US national bank

  The fintech secured preliminary approval from the Office of the Comptroller of the Currency to offer banking products directly to US customers.

• Two Thai Men Sue Tether Over $42M Freeze

  A lawsuit alleges Tether blacklisted 10 Ethereum addresses three months before a seizure warrant was issued.

• Revolut US bank application pending amid crypto charter rush

  Revolut seeks full FDIC-insured national bank status while competitors obtain narrower trust charters.

• Sony asks court to dismiss PS5 buyer tariff refund lawsuit

  Sony filed a motion to dismiss a class action seeking a share of $508 million in tariff refunds, arguing the claim is speculative.

• FBI seizes Hamas crypto fundraising infrastructure

  DOJ says the operation intercepted new donations after recovering $560,000 in digital assets.

• Australia sets crypto fines at 10 percent of turnover

  ASIC says more than 45 firms are seeking licenses before enforcement relief expires on September 30.

• SEC Chair Predicts Clarity Act Senate Vote This Month

  Paul Atkins says the bill establishing digital asset categories will be voted on September 15, following a slip from the August recess.