This episode is sponsored by Nexo.io, Arculus, FTX US and Cointelli. 

Today on “The Breakdown,” NLW looks at scrutiny around sanctions and the crypto industry. He talks about three situations that show the state of the discourse:

1. Recent statements by the Treasury Department and the National Security Council suggesting they’re not overly concerned Russia can use crypto to escape the pinch of sanctions
2. Elizabeth Warren’s letter asking Treasury are they sure about that
3. Key Ethereum infrastructure blocking Iranian and Venezuelan users 

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“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Obligated” by Daniele Musto. Image credit: Andrey Rudakov/Bloomberg/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.