Insights: Policy

Crypto Market Structure (CLARITY Act)

Negotiations surrounding the CLARITY Act are ongoing, with Senate Majority Leader Thune (R-SD) aiming to pass the bill on the Senate floor before the August Congressional recess. There has been no breakthrough on the various issues that remain outstanding in the wake of its passage in the Banking Committee last month, including an ethics...

Housing Supply, Reciprocal Deposits (ROAD to Housing Act)

The Senate appears prepared to vote on a modified version of the ROAD to Housing Act this week. As you may recall, the bill is primarily focused on modest policy changes intended to increase housing supply, including a significant positive regulatory change for manufactured housing. The text of the modified Senate version, which has not been...

Medicaid Program Integrity

The Office of Inspector General for the Department of Health & Human Services (HHS-OIG) has decertified and defunded Hawaii’s Medicaid Fraud Control Unit (MFCU), withholding $3m in federal funds.

The Supreme Court (SCOTUS) unanimously ruled in Hikma Pharmaceuticals v. Amarin Pharma that Hikma’s FDA-approved “skinny label” for generic Vascepa did not induce infringement of Amarin’s patented cardiovascular-risk use. On the same day as the decision, the House Judiciary Subcommittee on Courts, Intellectual Property, Artificial Intelligence,...

Medicare Advantage (MA) Star Ratings

The U.S. District Court for the Southern District of Georgia ruled in Clover v. HHS, finding that CMS improperly included 20 measures in Clover’s PY26 MA Star Rating and ordered the agency to recalculate Clover’s 3.5-star PPO rating.

Tech / Media / Telecom

Government Ownership in AI Firms

In recent days, President Trump has twice floated the idea of the U.S. government taking a financial stake in major AI firms, or otherwise structuring AI’s gains so that the public shares in the upside. Major AI companies have not specifically reacted to Trump’s idea, but both Anthropic and OpenAI have suggested various ways for the public to...