A Watershed Moment: Everything You Need to Know About Biden’s Crypto Executive Order

The Breakdown

Blockworks

Business, Investing

4.8 • 806 Ratings

🗓️ 10 March 2022

⏱️ 24 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo.io, Arculus and FTX US. Today, after months of speculation, President Biden signed and released his executive order on crypto. The contents of the order have been subject to significant debate, with some arguing that it would spell the beginning of the end for the U.S. crypto industry. So, were the doomsayers right? Tune in to today’s episode of “The Breakdown” to find out. - Take your crypto to the next level with Nexo. Invest and swap instantly, earn up to 20% APR on your idle assets or borrow cash against them at industry-leading rates. Get started today at nexo.io to receive up to a $100 welcome bonus. Valid through March 31. - Arculus™ is the next-gen cold storage wallet for your crypto. The sleek, metal Arculus Key™ Card authenticates with the Arculus Wallet™ App, providing a simpler, safer and more secure solution to store, send, receive, buy and swap your crypto. Buy now at amazon.com. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= 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 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 “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Ting Shen/Bloomberg via Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	This is clearly the line that they want to thread.
0:03.1	They want to take advantage and have America take advantage of this emerging technology space,
0:09.3	but they want to do so in a way that is responsible, that considers the risks, that considers
0:13.4	the challenges, and has actual answers for them.
0:16.4	It's unbelievably clear reading it that that's the line they're trying to thread,
0:20.5	and responsible
0:21.2	innovation is not only the sixth out of the six key priorities, it's the one that I think
0:26.1	overarchingly frames what they're trying to do.
0:30.4	Welcome back to The Breakdown with me, NLW.
0:34.4	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:40.4	The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk.
0:48.0	What's going on, guys? It is Wednesday, March 9th, and today we are finally discussing the long-awaited Biden executive order.
0:58.0	Now, this has been discussed for months now. It was anticipated at the end of last year.
1:03.8	People have used it as a cudgel to fud the space. So the question, of course, is what is
1:10.4	actually in this big document from the Biden administration?
1:15.6	Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,
1:19.7	rate it, review it, or go to the Discord. You can find a link in the show notes or go to
1:24.0	bit.orgle slash breakdown pod. Also a disclosure as always, in addition to them being
1:29.3	a sponsor of the show, I also work with FTX. So as I mentioned, by way of background, this
1:36.2	executive order has been hanging over the heads of the industry for a very long time.
1:41.9	In many ways, the predominant narrative was that this was going to represent
1:45.1	some significant crackdown. People couldn't imagine a scenario in which the Biden administration
	...

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