Weekly Washington Policy Pulse: Rescheduling, Stablecoins (Dec. 15, 2025)

A potential President Donald Trump presidential order that would reclassify marijuana from Schedule I to Schedule III and the impact it has on equities and ETFs in the marijuana space was a key highlight of Bloomberg Intelligence's Washington Policy Pulse on Dec. 15. The AdvisorShares Pure US Cannabis ETF, tickered MSOS, is up nearly 60% on the news. Yet we caution that Trump doesn't have the unilateral authority to reclassify the drug but rather will have to direct the Department of Justice to restart a lengthy process to do so. We also discussed a forthcoming proposal related to stablecoins as well as our 2026 outlooks for Washington.

The Bloomberg Intelligence Financial Policy weekly call is designed to provide investors an opportunity to learn about the most recent relevant policy research, information regarding forthcoming political catalysts and other on-goings within Washington D.C.

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This is the final Washington Policy Pulse of 2025. The call will be back on Monday, January 5.

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