The Breakdown

Both of today's stories are, on some level, about US crypto politics. The first part of the show focuses on Binance US's beleagured and now withdrawn bid for the Voyager Digital assets. Despite a judge overruling US government objections, it appears Binance has decided it's more trouble than it's worth. Coinbase meanwhile, has filed suit against the SEC around that agencies failure to respond to a Coinbase petition filed last year to receive better clarity on which cryptoassets are securities and why. 

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“The Breakdown” is written, produced and hosted by Nathaniel Whittemore aka NLW. Research is by Scott Hill. Editing is by Rob Mitchell and Kyle Barbour-Hoffman. Our theme music is “Countdown” by Neon Beach.

 

Raoul Pal is the CEO of Real Vision. On this “Paradigm Shift” episode of The Breakdown, NLW and Raoul discuss:

• Raoul’s concept of “The Everything Code” and “The Exponential Age”

• Debt monetization

• The multipollar world

• De-dollarization

• Money for a trustless world

• AI and consensus reality 

• AI as the Biggest Disinflationary shock ever 

• And much much more

 

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• NLW: https://twitter.com/nlw

• Breakdown: https://twitter.com/BreakdownNLW

“The Breakdown” is written, produced and hosted by Nathaniel Whittemore aka NLW. Research is by Scott Hill. Editing is by Rob Mitchell and Kyle Barbour-Hoffman. Our theme music is “Countdown” by Neon Beach.

 

Argentina has one of the highest inflation rates in the world, which some economists are estimating at 133% or more. The Argentine Peso also has one of the highest interest rates in the world. On this episode, NLW discusses recent turmoil at the central bank and where some Argentinian bitcoiners think Bitcoin fits into the solution. 

 

Enjoying this content?

• SUBSCRIBE to the Podcast: https://pod.link/1438693620
• Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto
• Subscribeto the newsletter: https://breakdown.beehiiv.com/
• Join the discussion: https://discord.gg/VrKRrfKCz8

Follow on Twitter:

• NLW: https://twitter.com/nlw
• Breakdown: https://twitter.com/BreakdownNLW

“The Breakdown” is written, produced and hosted by Nathaniel Whittemore aka NLW. Research is by Scott Hill. Editing is by Rob Mitchell and Kyle Barbour-Hoffman. Our theme music is “Countdown” by Neon Beach. 

 

On this week’s “Long Reads Sunday,” NLW reads:Why the EU Has MiCA and the US Has Securities Laws Confusion - Daniel Kuhn 

Is Europe’s MiCA a Template for Global Crypto Regulation - Dea Markova

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“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. 

Join the discussion at discord.gg/VrKRrfKCz8.

This week Coinbase was on tour in the U.K. and also announced a new Bermuda license, through which it will supposedly soon announce a new derivatives offering. NLW recaps the contrast between the increasingly open arms from the rest of the world and the cold aggressive stance of U.S. regulators. 

 

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“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. 

Join the discussion at discord.gg/VrKRrfKCz8.

 

With the passage of MiCA, Europe has jumped out ahead of the U.S. and other jurisdictions when it comes to regulating crypto. 

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“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. 

Join the discussion at discord.gg/VrKRrfKCz8.

 

Last year, the first crypto legislation was supposed to be common-sense rules for stablecoins. The two political parties couldn’t come together, however, and the legislation was scrapped. Now, the House Republicans have reintroduced a draft, and on Wednesday held a hearing that featured witnesses including the Blockchain Association’s Jake Chervinsky and stablecoin expert (and recent “The Breakdown” guest) Austin Campbell. 

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“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. 

Join the discussion at discord.gg/VrKRrfKCz8.

Securities and Exchange Commission Chair Gary Gensler has positioned himself as crypto’s biggest opponent in Washington, D.C. Tuesday, however, a House oversight hearing took Gensler to task for his regulation by enforcement and his inability or unwillingness to provide the crypto industry with clarity. But was it all just political theater? 

 

“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. 

Join the discussion at discord.gg/VrKRrfKCz8.

The U.S. regulatory crackdown on crypto seems to be having the exact impact that industry advocates feared, because some of the largest companies in the space consider relocating to more favorable regulatory regimes. This week, Coinbase CEO Brian Armstrong is in the U.K., and told an audience at Fintech Week in London that without regulatory clarity the crypto exchange may have to leave the U.S. 

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“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh.  

Join the discussion at discord.gg/VrKRrfKCz8.

 

It’s hard to have good faith dialogue about regulation when one group involved in the discussion doesn't think the industry being regulated should even be allowed to exist. That increasingly seems to be the problem with crypto legislation.

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“The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh.Join the discussion at discord.gg/VrKRrfKCz8.