Why Banks Have Political Advantage

Bowing to industry pressure, Senate Banking abruptly postponed its vote on the crypto market structure bill last week. Brendan Pedersen, senior policy reporter at Punchbowl News and editor of its Vault newsletter, details the dynamics behind the meltdown. He also discusses the odds for the Trump-led push to curb interchange fees and HFSC Chairman French Hill's efforts to pass community bank reg relief.