The Daily Punch The Readback: French Hill and 45 years of fintech
Dec 21, 2024
Brendan Pedersen, a financial services reporter and co-author of the Vault newsletter, shares profound insights into French Hill's influence on banking regulation and technology. He discusses the challenges faced by Texas banking in the 1970s and parallels these with today's fintech landscape, especially cryptocurrency. The conversation shifts to the transition in leadership within the Financial Services Committee, highlighting differing styles and implications for future reforms. Pedersen also touches on the aspirations of financial leaders amidst the evolving technological trends.
AI Snips
Chapters
Transcript
Episode notes
Texas Banking and Fintech
- French Hill's interest in fintech stems from his experience in Texas banking in the 1970s.
- He advocated for a change that allowed banks to have additional offices connected to their headquarters via tubing or cabling.
Banking Knowledge and Crypto
- French Hill's deep understanding of banking makes him more open to crypto.
- He believes decentralization can mitigate risks in the financial system.
Hill vs. McHenry
- French Hill, unlike Patrick McHenry, has not been a senior member of House leadership.
- This difference in experience could influence their approaches to financial reform.