Congressional Gaslighting: For Crypto, the Partisan Ship Has Sailed

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 11 May 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Another week, another crypto hearing, and this time the Democrats handed out talking points. NLW discusses how partisan the discourse around crypto and Bitcoin are becoming and assesses whether it is likely to be a winning political strategy. 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

Click on a timestamp to play from that location

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 Thursday, May 11th, and today we are talking about why for
0:23.3	crypto, the partisan ship, has sailed. Before we get into that, a quick note. If you are enjoying
0:29.5	these terrible puns, please come join us on the Breakers Discord. It is the place where we talk
0:34.4	about everything going on in the news, sometimes in crypto, often beyond, and it would be better if you joined as well. You can find a link in the show notes or go to
0:42.3	bit.ly slash breakdown pod. Now, if you, like so many of us, can't handle crypto discussion
0:48.9	anymore, why don't you check out the AI breakdown? It's your daily brief on everything
0:53.6	happening in the world of
0:54.7	AI. You can find it wherever you listen to podcasts or on YouTube at YouTube.com slash at symbol
1:00.6	the AI breakdown. All right, friends, it has been an extremely active couple of days in the
1:07.1	politics of Bitcoin and Crypto. First of all, Brad Sherman has just been all over the place
1:12.5	talking about how we're all subhuman tax evaders
1:15.3	and how the U.S. should really be asking
1:17.3	whether this industry should be allowed to exist at all.
1:20.1	Here's a recent clip from him on Bloomberg Crypto.
1:24.1	There's this fear of missing out that we've got to keep up with other countries.
1:29.3	You know, Peru is way ahead of us in cocaine production.
1:33.3	China's way ahead of us in Oregon harvesting.
1:36.3	We don't need to keep up on those things and we don't need to keep up on crypto.
1:41.3	As for protecting U.S. investors, investors know, and they certainly know now,
1:47.0	that when you send your money to the Bahamas or Cayman Islands, you do not have protection,
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from Blockworks, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of Blockworks and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.