A preview of what a final leverage ratio rule -- which we think will be released before the end of the year -- led Bloomberg Intelligence's Washington Policy Pulse on Nov. 17. The change will likely cut Tier 1 capital for banks like Morgan Stanley, Goldman Sachs and Bank of America. We also discussed chances of a crypto bill passing in 4Q -- key for platforms like Coinbase and Robinhood. We also discussed the potential for $13 billion of aid for US farmers as well as a status update on the National Defense Authorization Act.
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