BREAKDOWN: Bitcoin’s Allies in the US Senate Are Increasing
CoinDesk Podcast Network
CoinDesk
4.8 • 689 Ratings
🗓️ 28 March 2022
⏱️ 19 minutes
🧾️ Download transcript
Summary
Senators Cynthia Lummis and Kirsten Gillibrand are teaming up on comprehensive crypto legislation.
This episode is sponsored by Nexo.io, Arculus and FTX US.
On today’s episode of “The Breakdown,” NLW looks at the news that long-time Bitcoin advocate Sen. Cynthia Lummis (R-Wyo.) is now working with Sen. Kirsten Gillibrand (D-N.Y.) on what aspires to be comprehensive crypto legislation. The addition of Gillibrand into the mix underscores the growing bipartisan support for Bitcoin and crypto. Additionally, four House Democrats have introduced the ECASH Act to keep privacy in digital money.
On this edition of the “Weekly Recap,” NLW looks at recent comments from the leader of the world’s largest asset manager on Ukraine and digital currencies, as well as other important updates from the crypto industry, including India’s passing of a finance bill with crypto taxation and El Salvador’s delay of their bitcoin bond.
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“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: Paul Morigi/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.
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Transcript
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| 0:00.0 | Welcome back to The Breakdown with me, NLW. |
| 0:09.1 | It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world. |
| 0:15.0 | The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk. |
| 0:22.8 | What's going on, guys? It is Monday, March 28th, and today we are talking about Congress and |
| 0:28.1 | the Senate stepping into the crypto and digital money discussion. Before we get into that, |
| 0:33.7 | however, if you are enjoying the breakdown, please go subscribe, give it a rating, |
| 0:37.6 | give it a review, or if you want to get deeper into the conversation, come join us on the |
| 0:42.4 | Breakers Discord. You can find a link in the show notes or go to bit.combeck down pod. |
| 0:47.9 | Also, a disclosure, as always, in addition to them being a sponsor of the show, I also work with |
| 0:52.9 | FTX. So first, let's give a little |
| 0:56.1 | bit of context for how we got here in terms of Senate and the Congress starting to get |
| 1:00.6 | deeper into the crypto conversation. One of the most anticipated events of the year as |
| 1:06.6 | relates to crypto and the government was the release of President Biden's executive order. |
| 1:12.1 | This happened a couple weeks ago, and up until that point, there had been a huge amount of |
| 1:16.3 | speculation about what that EO would consist of. Would it be something that was warmly embracing |
| 1:22.1 | the crypto industry? Would it be something that was on the other end of the spectrum closer |
| 1:26.4 | to China's ban of the |
| 1:28.0 | crypto industry? While most people thought it was probably going to be somewhere in the middle, |
| 1:32.3 | there were definitely partisans who thought either side might be the case. And in particular, |
| 1:36.6 | there were plenty of people who thought that it was going to be a lot harsher and more concerning |
| 1:40.5 | than it ended up being. Instead, what we got was sort of your standard political |
| 1:44.8 | blend of, this technology represents both a big opportunity, but also significant risks and |
... |
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