Congressman Who Called Bitcoin an ‘Unstoppable Force’ to Become House Financial Services Committee Chair

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 10 December 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, Circle and Kraken. On this edition of the “Weekly Recap,” NLW catches up on the latest U.S. regulatory news, including the legal battle around the Commodity Futures Trading Commission’s actions against the Ooki DAO, a new bill that would have the Environmental Protection Agency study crypto mining, and more. - Nexo is a security-first platform where you can buy, exchange and borrow against your crypto. The company ensures the safety of your funds and keeps innovating with products like the Nexo Wallet - a non-custodial smart wallet that allows you to create your Web3 identity. Get early access at nexo.io/wallet. - Circle, the sole issuer of the trusted and reliable stablecoin USDC, is our sponsor for today’s show. USDC is a fast, cost-effective solution for global payments at internet speeds. Learn how businesses are taking advantage of these opportunities at Circle’s USDC Hub for Businesses. - Kraken, the secure, trusted digital asset exchange, is our sponsor for today's show. Kraken makes it easy to instantly buy 185+ cryptocurrencies with fast, flexible funding options. Your account is covered by regular Proof of Reserves audits, industry-leading security and award-winning Client Engagement, available 24/7. Sign up and trade today at kraken.com/breakdown. - Cryptowatch is the last crypto app you’ll ever need. Track prices up to two times faster than other apps. Catch market movements as they happen with powerful charting tools and custom alerts. Sync your portfolio and trade across multiple exchanges. And stay in the community conversation with leading influencers on Cryptowatch Social. cryptowatch.app.link/social. - “The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is "Back To The End" by Strength To Last. Image credit: Sarah Silbiger-Pool/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.3	The breakdown is sponsored by nexo.io, circle, and crack it and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Saturday, December 10th, and that means it's time for the weekly
0:27.3	recap. A quick note before we dive in, there are two ways to listen to the breakdown. You can hear
0:32.6	us on the Coin Desk podcast network, which comes out every afternoon and features other great
0:36.1	coin desk shows, or you can listen on the breakdown-only feed, which comes out a afternoon and features other great coin desk shows, or you can
0:37.7	listen on the breakdown only feed, which comes out a few hours later in the evening.
0:41.5	Wherever you're listening, I would so appreciate it if you would take the time to leave a
0:44.9	rating or a review. It makes a huge difference, and I appreciate everyone who does so.
0:49.7	Also today, I'm thrilled to welcome CryptoWatch as an additional sponsor.
0:54.2	CryptoWatch is the last crypto app you'll ever need.
0:57.1	Track prices up to two times faster than other apps, catch market movements as they happen
1:00.9	with powerful charting tools and custom alerts.
1:03.5	Sink your portfolio and trade across multiple exchanges and stay in the community conversation
1:08.0	with leading influencers on CryptoWatch social.
1:10.9	Say goodbye to your other crypto apps because you can get everything you need to gain a competitive
1:15.0	edge with CryptoWatch.
1:16.8	Visit Google Play or the Apple Store to download CryptoWatch today.
1:20.5	All right, so today on this weekly recap, we are covering a slew of stories that we just
1:24.7	didn't have time for in another crazy week.
1:27.0	We've talked a lot about regulatory action this week, but one positive bit of news on that front
	...

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