This episode is sponsored by NYDIG.

Despite (or perhaps because of) being one of the world’s great traditional financial hubs, New York has a contentious relationship with crypto. Between the BitLicense and a very active state attorney general, New York and crypto aren’t always simpatico. That’s why it has been exciting for many New Yorkers to see candidates of both parties advocating for New York City to become a crypto hub, and to do so in a way that benefits financial access and economic empowerment goals. NLW breaks down candidate statements and looks at the friendly competition brewing between NYC and Miami. 

NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.

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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 “Dark Crazed Cap” by Isaac Joel. Image credit: Michael M. Santiago/Getty Images News, modified by CoinDesk.