A Soft DeFi Ban in the USA?

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 21 July 2023

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

This week saw a number of crypto-related legislation introduced in Congress -- sometimes as amendments to other important bills. NLW breaks down why some think at least one of them amounts to a soft DeFi ban in the US. Today's Episode Sponsored By: In Wolf's Clothing -- The first startup accelerator exclusively for Bitcoin and Lightning startups -- Applications for Cohort 3 open NOW -- https://wolfnyc.com/apply ** 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

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.
0:18.4	What's going on, guys? It is Friday, July 21st, and today we are catching up on what is
0:24.0	kind of a lot of interesting regulatory developments this week. Before we get into that,
0:28.5	however, if you are enjoying the breakdown, please go subscribe to it. Give it a rating, give it a
0:32.6	review. Or if you want to dive deeper into the conversation, come join us on the Breakers Discord.
0:37.4	You can find a link in the show notes or go to bit.ly slash breakdown pod.
0:41.5	Hello friends, happy Friday, happy almost the weekend.
0:44.9	Today we are catching up on a number of different regulatory developments from earlier this week.
0:49.5	They are on the one hand small, but at the same time, showed just how much is happening in this sphere,
0:55.6	even outside the big headline grabbing stuff. However, oh so briefly, before we get into all
1:00.3	that, I want to tell you about today's sponsor. In Wolf's clothing is the first startup accelerator
1:05.8	focused entirely on Bitcoin and Lightning. If you are a listener of the Bitcoin Builders show,
1:10.7	you will have heard from a number of companies in their first cohort. If you are a listener of the Bitcoin Builders show, you will have heard from a number
1:12.0	of companies in their first cohort.
1:14.2	People who are building lightning infrastructure, integrating Bitcoin into games, thinking
1:17.9	about new financial instruments that can work in the Bitcoin ecosystem.
1:21.5	And if you have a Bitcoin or Lightning startup idea, you should absolutely apply to their
1:26.0	third cohort.
1:28.8	The Accelerator program takes place in New York City in person and features mentorship, guaranteed funding, and so, so much
1:34.7	access and insight. Go to WolfnYC.com to check out the program, and of course, to apply for
1:41.4	cohort three. Applications are open from now until August 4th.
	...

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