Vault: How the banks lost Tillis, according to Tillis

For years, the banking industry has counted Sen. Thom Tillis (R-N.C.) as one of its foremost allies in the Senate. Now, as advocates digest a major piece of stablecoin legislation Tillis helped negotiate, some in the sector are wondering where exactly the relationship has left them.

Tillis has also pondered his relationship with big banks recently. He spoke at length last week about his advocacy for — and frustration with — the banking sector during the 119th Congress.