Crypto Politics Heats Up In Advance of the Midterm Elections

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 5 May 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

This episode is sponsored by Nexo.io, NEAR and FTX US. Today on “The Breakdown,” NLW looks at a set of stories relating to crypto’s place in the political discourse, including: SEC increasing enforcement staff Bitcoin Mining Council letter to the EPA Ohio’s entirely pro-crypto Senate primary - Nexo is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to nexo.io and get started now. - NEAR is a blockchain for a world reimagined. Through simple, secure, and scalable technology, NEAR empowers millions to invent and explore new experiences. Business, creativity, and community are being reimagined for a more sustainable and inclusive future. Find out more at NEAR.org. - FTX US is the safe, regulated way to buy Bitcoin, ETH, SOL and other digital assets. Trade crypto with up to 85% lower fees than top competitors and trade ETH and SOL NFTs with no gas fees and subsidized gas on withdrawals. Sign up at FTX.US today. - Consensus 2022, the industry’s most influential event, is happening June 9–12 in Austin, Texas. If you’re looking to immerse yourself in the fast-moving world of crypto, Web 3 and NFTs, this is the festival experience for you. Use code BREAKDOWN to get 15% off your pass at www.coindesk.com/consensus2022. - Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW “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. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Hill Street Studios/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

Click on a timestamp to play from that location

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.
0:14.9	The breakdown is sponsored by nexo.io, near an FtX, and produced and distributed by CoinDesk.
0:22.8	What's going on, guys? It is Wednesday, May 4th, and today we are talking about
0:27.4	crypto politics heating up in advance of the U.S. midterm elections. Before we get into that,
0:33.5	however, if you are enjoying the breakdown, please go subscribe to it, give it a rating,
0:37.8	give it a review, or if you want to get deeper into the conversation, come join us at the
0:42.4	Breakers Discord. A disclosure, as always, in addition to them being a sponsor of the show,
0:47.1	I also work with FTX. Finally, I would love to invite you to come join CoinDesks Consensus
0:53.8	2022. The event is taking place this June 9th through Finally, I would love to invite you to come join CoinDesk's Consensus 2020.
0:55.6	The event is taking place this June 9th through 12th in Austin, Texas.
1:00.7	And the thing that makes consensus such a different type of event is that it is truly a big
1:04.9	tent event.
1:05.9	It is highlighting all aspects of this industry from specific cryptocurrency ecosystems to Bitcoin, to
1:12.4	Web3, to Metaverse, NFTs, etc. It's got tracks for people who are more enfranchised as well as for
1:18.5	people who are newer, and there's great speakers like Kathy Wood, CZ, Punk 6529, SBF, and many, many more.
1:26.7	You can use Code Breakdown to get 15% off your pass if you go to
1:30.6	coin desk.com slash consensus 2020. It should be a great time. So today is a Fed day that FOMC
1:38.9	meeting is getting reported later this afternoon. So of course, we'll be discussing that
1:42.8	tomorrow. But as of the time of this
1:44.8	recording, it's still just speculation around whether we'll see the 50 basis point hike that we
1:49.3	anticipated or whether there might be more dramatic action. Today, what we are doing is we are
	...

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.