The SEC and CFTC just cut oversight of the private fund industry the same month they opened 401(k) accounts to those same assets. The timing isn't a coincidence.
Tech Policy Intelligence
Syntax & Sterling
Policy intelligence and market analysis for sophisticated investors. What Congress is actually doing to tech — and what it means for your portfolio.
Latest Edition
Edition #19
FDA Closed the Loop on One-Patient Gene TherapiesThe FDA just finished building the regulatory infrastructure for approving gene therapies tested on single patients. That changes the economics of rare disease biotech.
Previous Editions
JPMorgan flipped a consumer protection rule into a revenue stream. The regulation designed to break bank lock-in just created a new way to extract rent from fintechs.
The CFPB rule designed to break bank lock-in just became a new revenue stream. JPMorgan is charging aggregators for data they used to scrape for free.
A federal jury found Live Nation illegally monopolized ticketing after the DOJ already settled. State AGs now hold a verdict they didn't have to win—and leverage the federal government chose not to use.
The FTC finalized settlements with Dentsu, Publicis, and WPP on April 15, banning coordination of ad placement based on political content. No lawsuit, no evidence—just regulatory leverage.
The FCC votes April 30 to scrap 1990s satellite power limits, handing SpaceX up to 7x capacity gains while legacy operators cry interference. The real story is who wrote the rules.
A July 2025 executive order presumes federal assistance under 50% of project costs doesn't trigger NEPA review. For data centers clearing $500 million, permitting timelines compress from 60 months to 30—if the Senate passes statutory changes to make it permanent.
AI data center buildout is hitting a wall not made of silicon but of copper, steel, and grid capacity. The race for compute supremacy now runs through utilities, not foundries.