Washington Newsletter: Getting ready for an Election Day rematch

Primary season has been drained of all suspense as Trump vs. Biden: Part 2 appears to be the inevitable choice that will face voters on the US presidential ballot in November. That’s about the only sure thing in Washington right now. Will Republicans and Democrats be able to work through their differences in a contentious election year to avoid a government shutdown and mandatory spending cut? Time will tell.

And as if that were not enough, the House Speaker also needs to figure out how to deal with the $95 billion supplemental spending bill to provide aid to Ukraine, Israel and Taiwan without losing his speakership.

Also in this issue of the Washington Newsletter:

• The SEC approved a spot Bitcoin ETF, sending the price of Bitcoin soaring and breathing life into an industry that was experiencing a long crypto winter. Now that the excitement around the shiny toy of Bitcoin ETFs has subsided, what’s next for crypto regulation in Washington?
• After more than two years of consultation, the UK’s Financial Conduct Authority unveiled final measures designed to help retail investors find the funds that best meet their sustainability preferences while tackling greenwashing.
• Against a challenging economic backdrop, Chinese authorities proposed regulations to ease cross-border data transfer requirements for companies. These new developments are designed to give the domestic and international business communities more flexibility on data in order to stabilize foreign investment and boost economic growth.

Download the Q1 edition of our Washington Newsletter.