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.

The breakdown is sponsored by nexo.io, Arculus, and FtX, and produced and distributed by CoinDesk.

What's going on, guys? It is Sunday, April 24th, and that means it's time for Long

Reads Sunday. Before we get into that, however, if you are enjoying the breakdown,

please go subscribe to the show, give it a rating, give it a review, or if you want to dig

deeper into the conversation, come join us on the give it a review, or if you want to dig deeper into the

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

to bit.e. slash breakdown pod. Also, a disclosure as always, in addition to them being a sponsor

of the show, I also work with FTX. And speaking of FTX, that is the source of today's first thread. Yes, for Long Read Sunday this

week, I'm going to do one of the multi-thread reads. And I love these. As I've told you before,

this gets back to the roots of Long Read Sunday, which was in fact four years ago a Twitter

thread of all of the threads that had happened on Twitter

the week before. Anyways, I realized that I had made a grave error this week when on 420 I was

casting around trying to figure out what my show was going to be, and the answer was sitting there

in the date the whole time. If I were Elon Musk, I certainly wouldn't have made that

mistake. But here we are. Still, Brett Harrison, the president of FTXUS, wrote a great thread last

month about cannabis and digital assets, and ultimately about a real clear use case for the

crypto industry. Cannabis and digital assets. Though cannabis is legal in

Illinois, FTXUS's headquarters, and many other states, marijuana-related businesses, MRBs, are

effectively underbanked. This is because, A, no major national banking system will take on marijuana-related

businesses as customers,

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