Free markets work. Every rule Washington repeals is a chance to prove it. I track the rollbacks, find who wins, and give you the stock to watch. Free, every day.

A Judge Said Engine Cleaner Is Not Fuel. The CPSC Just Agreed.

CPSC ruled engine cleaners and fuel stabilizers are not liquid fuels under the Portable Fuel Container Safety Act, 13 months after a federal court said so. The $545.7 million question, the bear case and one stock idea.

FERC Told PJM You Cannot Curtail Your Way Out of a Shortage

FERC rejected PJM's curtail-first plan for new data centers. A private Google and Constellation deal added 890 MW of nuclear supply with no mandate. The market read, the bear case and one stock idea.

The CFTC Just Wrote the Line Between a Market and a House

The CFTC proposed that event contracts are swaps and excluded casino-style gambling. The dividing line is who sets the price.

The SEC Wants to Let Bond Funds Skip the Dealer Toll Booth

The SEC proposed to let bond funds trade with sister funds again, skipping the dealer. The estimated saving is $173 million a year. The fine print on pricing and public data is where the real story sits.

The EPA Is Days From Killing Its Own Methane Leak Watchdog

Zeldin's Santa Fe announcement names the programs that will not survive the second-part rollback: the Super Emitter Program, marginal well standards, and the $45 billion claim that frames them.

Congress Stalled, So the CFTC Started Writing the Crypto Rulebook

The CFTC's 109-page ANPRM builds the exchange framework the Clarity Act would have mandated, using authority it has held since 2010 without ever writing rules under it.

The SEC Just Detached Its Post-Madoff Audit Backstop

The 760-page crypto custody proposal rebuilds who can hold crypto assets. It also quietly removes the PCAOB gate on custody-rule accountants, a screen installed after Madoff.

The Treasury Just Killed Its Two Biggest Crypto Surveillance Rules

FinCEN withdrew the unhosted wallet reporting rule after six years of limbo and the Section 311 mixing designation with it. The gates stay open wider, the surveillance towers stay unmanned, and the BSA skeleton still stands.

The SEC Just Proposed Six New Ways Around the Wealth Test

CPA, CFA, CFP, Series 79, Series 86/87, and a new FINRA exam: the knowledge test is quietly replacing the money test, and a companion proposal opens the performance fee door too.

The FCC Just Erased a Cap Congress Wrote Into Law

The 39 percent national TV ownership cap died quietly on a Thursday, 55 days after the vote that killed it.

Two Circuits Just Disagreed About What a Swap Is. The Prediction Market Is 1-For-3.

The Sixth Circuit narrowed the CEA swap definition and let Ohio and Tennessee regulate Kalshi's sports contracts. The Third Circuit said the opposite. The circuit split now points at the Supreme Court.

The Treasury Just Opened 60 Million Investment Accounts in One Day

Automatic enrollment completed October 1: every eligible child under 18 now has a Trump Account. The only number that matters now is the claim rate on 60 million passive accounts.