PolicyPartner

We study crypto, technology, and financial services policy for professional investors and companies.

[PolicyPartner @PolicypartnerDC]

We made a tool to ensure we don't miss key regulatory news items, speeches, or policy changes. It works very well and is less exhausting than scrolling. Give it a try!

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[Paul Frambot 🦋 @PaulFrambot]

Chatted with the main regulators across Asia. The CLARITY Act is even more critical than I thought.

Everyone is drawing a lot of inspiration from US regulations.

The second the CLARITY Act passes, all Asia will fast follow within months.

[Felipe Montealegre @TheiaResearch]

There is a lot of well-deserved skepticism around tokens right now.

I believe we are close to the end of the long token bear market. The conditions that made this long bear market inevitable are obvious in hindsight, and all of them are getting better.

[PolicyPartner @PolicypartnerDC]

You know how you know something is actually happening in crypto policy?....no one is tweeting!

[PolicyPartner @PolicypartnerDC]

@TrustlessState @SquawkCNBC @mansourtarek_ Profit from information sourced from a breach of a duty of confidentially is fraud! Sometimes this involves information about publicly traded companies and results in securities law issues. Exchs have anti-manip reqs as DCO/DCMs but are prob not part of the breach/profit chain!

[Cuy Sheffield @cuysheffield]

Yes that is the right way to think about it except that in most cases, settlement happens between the card issuer and Visa, and between Visa and the merchant’s acquirer. Therefore, there are two settlement payments that can be decoupled. An issuer like @raincards can settle with Visa in USDC, but most acquirers still want to be paid by Visa in USD or a local fiat currency.

Therefore, we now have the capability to directly receive a stablecoin from the issuer while paying out fiat to the acquirer. This enables issuers to be able to adopt stablecoins for their corporate treasuries and settlement payments with Visa while making these flows backwards compatible with every existing acquirer who operates in fiat.

The way I like to think about it is Visa Treasury is going from “2D” to “3D” where instead of converting just between different fiat currencies of issuers and acquirers, we can now seamlessly convert between 28 fiat currencies, 4 stablecoins, running over 4 blockchains.

[PolicyPartner @PolicypartnerDC]

@faryarshirzad @POTUS they have unlimited firepower...

[Brendan Pedersen @BrendanPedersen]

The banking industry is launching a 501(c)4 to compete with the crypto industry’s campaign finance war chest in 2026.

Organized by the Financial Services Forum, the group is saying it will spend “tens of millions” in upcoming elections. It’s likely to be much greater.

[Brian Armstrong @brian_armstrong]

Exciting to see more banks embrace crypto like this.

PNC Private Bank clients can now buy, sell, and hold bitcoin in their existing accounts. PNC is the first major US bank to support this type of offering.

[PolicyPartner @PolicypartnerDC]

@EricBalchunas it is kind of a shame that new registrations were paused during the hottest market of all time.

[Faryar Shirzad 🛡️ @faryarshirzad]

Big news from @federalreserve governor Chris Waller announcing a potential skinny master account to facilitate payments. By giving non-banks direct Fedwire/ACH access, Waller's proposal enables stablecoin issuers & tokenized asset platforms to settle on-chain transactions without needing a bank intermediary. This promotes innovation, widens the ecosystem of payment innovators and reduces debanking risks. Lots of details to work out, but a huge step by the Fed.

[Justin Slaughter @JBSDC]

AI energy usage is about to be 100x the political fight that crypto energy usage was before the Merge occurred.

There is a tremendous need for AI to figure out ways to either cut its energy usage or change data center development such that US consumer energy prices don’t spike.

[Treasury Secretary Scott Bessent @SecScottBessent]

The @USTreasury has concluded 4 days of intensive meetings with Minister @LuisCaputoAR and his team in DC. We discussed Argentina’s strong economic fundamentals, including structural changes already underway that will generate significant dollar-denominated exports and foreign exchange reserves.

Argentina faces a moment of acute illiquidity. The international community – including @IMFNews – is unified behind Argentina and its prudent fiscal strategy, but only the United States can act swiftly. And act we will.

To that end, today we directly purchased Argentine pesos.

Additionally, we have finalized a $20 billion currency swap framework with Argentina’s central bank. The U.S. Treasury is prepared, immediately, to take whatever exceptional measures are warranted to provide stability to markets.

I emphasized to Minister Caputo that @POTUS @realDonaldTrump’s America First economic leadership is committed to strengthening our allies who welcome fair trade and American investment.

I continue to hear from American business leaders who, thanks to President Milei’s leadership, are eager to tie the American and Argentine economies more closely together. The Trump administration is resolute in our support for allies of the United States, and to that end we also discussed Argentina’s investment incentives, and U.S. tools to powerfully support investment in our strategic partners.

Minister Caputo informed me of his close coordination with the IMF on Argentina’s commitments under its program. Argentina’s policies, when anchored on fiscal discipline, are sound. Its exchange rate band remains fit for purpose.

We reviewed the broad political consensus in Argentina for the second half of President @JMilei’s term. I was encouraged by their focus on achieving fiscally sound economic freedom for the people of Argentina via lower taxes, higher investment, private sector job creation, and partnering with allies. As Argentina lifts the dead weight of the state and stops spending into inflation, great things are possible.

The success of Argentina’s reform agenda is of systemic importance, and a strong, stable Argentina which helps anchor a prosperous Western Hemisphere is in the strategic interest of the United States. Their success should be a bipartisan priority.

I look forward to the meeting between President Trump and President Milei on October 14, and to seeing Minister Caputo again on the margins of the IMF Annual Meetings.

[giuliano da empoli @giulianode]

How tech lords and populists changed the rules of power

My (long) essay about the new power bloc threatening liberal democracy via ⁦@FT⁩ ⁦⁦@ftweekend⁩ https://t.co/AiaFhGxZeh

[Caitlin Long 🔑⚡️🟠 @CaitlinLong_]

Looks like X truncated the links in the first tweet. Here they are again:
* stablecoins: https://t.co/f8lwpVd2bZ
* ACH: https://t.co/GUyO5SBOYp
* Fedwire: https://t.co/bZqHxUwykF

[Caroline D. Pham @CarolineDPham]

It’s the Golden Age of America 🇺🇸 the U.S. is charting a new future for crypto regulation @0xEastPoint @CFTC @Ripple @coinbase @SuiNetwork @Mysten_Labs @bloomingbit_io @worldlibertyfi @hashed_official

[PolicyPartner @PolicypartnerDC]

@propelforward Give it 8 years or so ...

[PolicyPartner @PolicypartnerDC]

@Ross__Hendricks The first sign of this bubble turning over is going to be increased prices for LLM access. I think we will look back on what was possible through the LLM platforms and be shocked at how little it cost to use. the value people get from the service also hasn't found an equilibrium

[PolicyPartner @PolicypartnerDC]

PolicyPartner is delighted to host a virtual small group discussion with Coy Garrison, a Partner with Steptoe on on Sept. 4th - RSVP! https://t.co/aYxXrbVmg9

Topics:
🔸 Comparing the House passed CLARITY Act and the Senate drafted RFIA
🔸 Pros and Cons of proposed approaches

[Paul Atkins @SECPaulSAtkins]

I had a great conversation with @TeresaGoody at @SALTConference’s Wyoming Blockchain Symposium today about my priorities as @SECgov chairman, including Project Crypto and making IPOs great again. It’s a new day at the SEC.

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