Benjamin Bain, Bloomberg News financial regulation reporter, discusses Valerie Szczepanik’s new role at the SEC, where she is now the top official overseeing the cryptocurrency industry. Plus, Robert Hockett, a professor at Cornell Law School, discusses why prosecutors have decided not to try former Jeffries Group managing director Jesse Litvak again after an appeals court freed him from a prison sentence. They speak with Bloomberg's June Grasso and Peter Barnes.