Insights: Clients

Crypto (Stablecoins, Market structure)

In addition to the strong commitment President Trump has made to facilitating a supportive regulatory environment for crypto, Congressional Republicans have begun to move quickly on legislation in this area, and have set expectations that this is their top priority for financial services policy and that a bill will be enacted into law. They have...

The bipartisan leaders of the House and Senate Appropriations Committees continue to indicate they are close to reaching a deal on top-line spending levels for the remainder of FY25. The current extension of FY25 funding expires on 3/14, and if resolution is not reached by then, government operations will “shut down.” Despite bipartisan progress...

President Trump and conservatives have expressed a preference for addressing the debt limit on a partisan basis, so as not to give Democrats the ability to leverage it for achieving other policy concessions. Reflecting this sentiment, the House-passed budget resolution includes a $4t debt limit increase. The Senate-passed budget resolution does...

Energy, Financials, Healthcare, Macro, Tech / Media / Telecom

Now that the House and Senate Republicans have each passed their own versions of a budget resolution, negotiations will commence in the coming days on adopting a joint resolution. This resolution establishes the allowable deficit parameters of subsequent “reconciliation” legislation that will make changes to taxes/spending. While Senate...

Tech / Media / Telecom

Children’s Data Privacy

The new Congress is wasting little time in resuming its efforts around children’s privacy/online safety legislation. The Senate Commerce Committee approved on a bipartisan basis Chair Cruz’s (R-TX) newly introduced Kids Off Social Media Act (KOSMA). KOSMA aims to enhance online safety for minors by prohibiting users under 13 from accessing...

Tech / Media / Telecom

The Senate Commerce Committee, which has jurisdiction over the FCC/spectrum policy, held a hearing this week on spectrum policy. Chairman Cruz (R-TX) used the hearing as an opportunity to push for enactment of his Spectrum Pipeline Act (see summary here), which would renew the FCC’s expired auction authority and require federal agencies to...