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.

What's going on, guys? It is Monday, July 3rd, and today we are talking about crypto's continued

pushback on Washington, D.C. A quick note before we dive in, if you listen to the AI breakdown,

you may have heard that we have some new sponsors over there, and more broadly speaking,

sponsorship is officially open on the breakdown network shows. I'm going to be sharing more

resources on that, but suffice it to say if you or your company are interested in sponsoring

the breakdown, you can send us a note at sponsors at breakdown.network. Now, for those of you who

have enjoyed this sponsor list period, I'm exploring some sort of Patreon ad-free

version, and we'll get back to you with plans on that as they materialize.

For now, however, let's dive into this 4th of July week.

Now, the show is off tomorrow, because freedom, of course, but today we have a bit of a

freedom thematic episode. As you'll know, 2023 has been all about the battle between

politicians and the crypto industry. And over the last couple weeks, we've finally started

to see some serious pushback on our side, and that has continued through into today.

Now, before we get into that, we're actually going to start today's show with a rumor.

If you were watching Twitter yesterday,

you might have thought that Gary Gensler had resigned as chair of the SEC. The rumor was

spread by a news aggregator known as Whale Chart who tweeted, quote, Anonymous official at

the SEC has reportedly disclosed that Chairman Gary Gensler is going to resign following

an internal investigation.

Now, almost immediately, people assumed that this had to be some sort of fake news.

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