Our conversations on Barefoot Innovation always grapple with the regulatory challenges arising as technology transforms finance. Most of our guests have good ideas about this, but very few are in a position to make things happen. Today’s guest is different.

He is Craig Phillips, who is the Counselor to the US Secretary of the Treasury, Steven Mnunchin. The Counselor role spans everything from fiscal operations to America’s debt management, but for our audience he is best-known for leading the office that issued last year’s landmark Treasury report on fintech.