Washington is reportedly considering regulatory changes that could reshape how proxy advisers and index fund managers exercise their influence over corporate governance. The potential policy shift appears to address concerns voiced by prominent business leaders, including tech entrepreneur Elon Musk and major banking executive Jamie Dimon, who've questioned the concentrated power these intermediaries wield. If implemented, such moves could fundamentally alter the dynamics between passive investment vehicles and the companies they hold, potentially affecting everything from board elections to ESG voting patterns. For crypto and traditional markets alike, any recalibration of institutional voting power carries implications for how capital flows and governance decisions unfold across the investment landscape.