In House Testimony, Powell Seems Happy to Pass the Baton on Bank Regulation

Also, Senate Banking kicks off work on crypto market structure; financial trade groups call for investment exemption on retaliatory tax provision

Sponsored by MFA, the trade association for the global alternative asset management industry.

Hours ahead of Jerome Powell’s testimony this morning, Donald Trump urged lawmakers to “really work…over” this “very dumb, hardheaded person.” Republicans on the House Financial Services Committee largely ignored the demand, and some even went out of their way t…