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The Breakdown

A Presidential Campaign Crypto Milestone

The Breakdown

Blockworks

Business, Investing

4.8806 Ratings

🗓️ 23 May 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

Former President Trump becomes the first major party candidate to accept crypto, the latest on the ETH ETF, and the gear up for the FIT21 vote. Today's Show Brought To You By Ledger - 5% to Bitcoin Developers When You Buy https://shop.ledger.com/pages/bitcoin-hardware-wallet Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to 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

Transcript

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0:00.0

Welcome back to The Breakdown with me, NLW.

0:09.3

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

0:18.3

What's going on, guys? It is Wednesday, May 22nd, and today we are continuing our big, crazy

0:23.6

crypto political week. Before we get into that, however, if you are enjoying the breakdown, please

0:27.5

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

0:31.4

conversation, come join us on the Breakers Discord. You can find a link of the show notes or go

0:35.0

to bit.ly.L.ly slash breakdown pod.

0:42.5

All right, friends, today we are continuing our beat-by-beat moment-by-moment coverage of all of the quick-changing realities in Washington, D.C. when it comes to crypto. And to be honest, even though

0:47.6

you'll hear a bunch of interesting things, today is kind of the quiet day, because later today

0:51.3

we have the vote on the Fit 21 Act, which will shape a lot of what

0:54.4

comes next. But we kick off today with an announcement from the Trump campaign, which has followed

0:58.8

through on their pledge and are now accepting campaign donations in crypto. The first time a major

1:03.3

party candidate has done so. Donors can now pay using Bitcoin, Ethereum, Salana, Ripple, and

1:07.9

USDC, as well as Dogecoin and Shib. The Trump campaign said in a statement,

1:12.5

this addition to President Trump's already groundbreaking digital fundraising operation,

1:16.2

marks the first time a major party presidential nominee has embraced cryptocurrency for donations.

1:20.8

Biden's surrogate Elizabeth Warren said in an attack on cryptocurrency that she was building

1:24.5

an anti-crypto army to restrict Americans' rights to make their own

1:27.5

financial choices. MAGA supporters now with a new cryptocurrency option will build a crypto army

1:32.1

moving the campaign to victory. Which if you take nothing else away from that, the anti-crypto

1:37.0

army meme has now been explicitly weaponized by the other side, with the army and war analogy

1:42.1

coming to its natural head.

...

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