Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Tuesday, June 13th, and today we are talking about the massive

day for crypto in the courts. Before we get into that, if you are enjoying the breakdown,

please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper

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Hello friends, happy Tuesday. Well, to give you a sense of what's going on, let's turn to a tweet

from Paul Grewell, the chief legal officer at Coinbase. Yesterday, he writes,

one, hearing on motion to seize finance assets in DDC.

Two, release of Hinman Docks and SDNY.

Three, SEC response to order on Coinbase petition in Third Circuit.

Not every federal court day is eventful in crypto, but tomorrow is.

May God bless the U.S. courts.

So a lot of this is going to be resolved after this podcast comes out. And so what today is in part on the breakdown is the setup for all these cases so that tomorrow we can follow

through and see what actually happened. So with that in mind, let's go through each of these really

briefly. First, after years of fighting, the deadline for the SEC to release the Bill Hinman

emails has arrived in the

Ripple case. Basically, these emails contain internal communications with SEC Director of

Corporate Finance, Bill Hinman, while he was preparing a speech about how cryptocurrencies

like Bitcoin and Ethereum can decentralize sufficiently to be considered as commodities.

The SEC tried really hard not to have this come out. Ripple CEO Brad

...