Insights: Financials

Medicare/Medicaid Program Integrity

CMS has issued a request for information (RFI) soliciting stakeholder feedback on the agency’s Comprehensive Regulations to Uncover Suspicious Healthcare (CRUSH) initiative. CMS indicates the information collected will inform a “potential upcoming CRUSH proposed rule, as well as other programmatic changes” – both of which are aimed at...

Crypto Market Structure/Stablecoins

The White House has convened multiple meetings between the crypto and banking industries over the last few weeks to try to facilitate an agreement on the question of whether rewards can be offered on stablecoins. As you may recall, the banking industry is pushing to add restrictions on stablecoin rewards to broader crypto market structure...

Energy, Financials, Healthcare, Housing, Infrastructure, Macro, Miscellaneous, Tech / Media / Telecom

State of the Union

President Trump will deliver his State of the Union (SOTU) speech next Tuesday, 2/24, and if precedent holds, is likely to issue his FY27 budget request by ~mid-March. The annual budget request provides a more granular overview of the administration’s policy priorities, and along with the speech, influences how the President’s allies in Congress...

Crypto Market Structure/Stablecoins

In the wake of the Senate Banking Committee (SBC) delaying its planned mark-up (i.e., consideration) of crypto market structure legislation (i.e., the CLARITY Act) last week, we have seen numerous key players (e.g., Chairman Scott (R-SC), Sen. Warner (D-VA), Sen. Tillis (R-NC)) all express optimism that negotiations will continue. However, it...

Crypto Market Structure/Stablecoins

The Senate Banking Committee (SBC) is holding a vote on crypto market structure legislation tomorrow. Republicans released their latest draft (the “Chairman’s mark”), which is a result of bipartisan negotiations, but many issues remain unresolved and the bill will be further amended during SBC consideration. Democrats have not...

Credit Card Interchange

Sen. Marshall (R-KS) has long been pushing for a vote on his Credit Card Competition Act (CCCA), which establishes a dual network requirement for credit cards. He and Sen. Durbin (D-IL) re-introduced the bill today. President Trump for the first time expressed support for the bill and Senate Majority Leader Thune (R-SD) for the first time...