State Regulation
Delaware Just Extended Its Corporate Monopoly Into Digital Assets
The state that already owns two-thirds of Fortune 500 charters wrote a stablecoin and custody law aimed at owning crypto's back office too
Michael A. Gayed, CFA
Founder of Lead-Lag Media and Publisher of The Lead-Lag Report. Five-time Dow & Founders Award winner. Host of the Lead-Lag Live podcast.
Trade Policy
Washington Chose Talks Over Tariffs on Jets. RTX Still Booked the Cost.
Commerce found aerospace imports risk national security, then Trump chose negotiation over tariffs, with a 180-day clock and tariff authority explicitly reserved.
Deregulation
The SEC Wants to Make IPOs Great Again. Here's Who Cashes the Check.
Chairman Atkins' 2026 regulatory agenda and Monday's IPO roundtable target the 50 percent collapse in U.S. public companies. The listing venues stand to benefit first.
Regulatory
The EEOC Just Tore Up a 46-Year Rule, and the Data Says Not So Fast
The EEOC just rescinded its 1979 affirmative action guidelines. The 2025 revocation of EO 11246 already showed what comes next, and it isn't what the headlines suggest.
Deregulation
A No-Action Letter Just Opened the World's Biggest Crypto Market to U.S. Traders
The CFTC's May 29, 2026 order lets Coinbase route American clients into global perpetual futures for the first time, but the relief is staff-level and already under legal attack.
Deregulation
The NRC Just Rewrote the Reactor Rulebook. Uranium Is the Trade.
A 553-page NRC proposal to double license-renewal terms and streamline reactor siting turns uranium exposure from a story stock into a structural sector call.
state_local_housing_deregulation
California Just Overrode Every City's Zoning Map Near a Train Stop
SB 79 took effect July 1 and lets nine-story apartment buildings replace single-family zoning near transit. Los Angeles just showed the entire state how a city fights back.
regulatory_tracker
Washington Just Queued Up 702 Rules for the Chopping Block
The Spring 2026 Unified Agenda projects $1.5 trillion in FY2026 savings, and the single biggest line item is repealing the EPA's 2009 endangerment finding.
energy_doe_process_rule
The DOE Just Tried to Make Its Own Deregulation Permanent
A new Process Rule would cut 30 of DOE's 86 appliance rulemakings while claiming to keep 91.5 percent of the savings, and Whirlpool is the test case for whether that math matters.
crypto-regulation
Florida Just Wrote the Stablecoin Rulebook Washington Hasn't Finished
Tallahassee's new payment stablecoin law is built for issuers smaller than the market leaders, and that gap is the trade
Deregulation
The FCC Just Handed AT&T a Wrecking Ball for Its Own Copper
Washington cleared the copper exit ramp nationwide, and only California still blocks the road
financials-banking
Britain Just Moved the Wall Around Its Biggest Banks. It Didn't Tear It Down.
HM Treasury's ring-fencing reform hands NatWest and its peers a capped growth lever, not the abolition banks asked for