Crypto's Crossroads for Democrats

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 11 May 2025

⏱️ 10 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Democrats are at a critical crossroads: Can embracing decentralized crypto reshape their electoral future? This Long Read Sunday dives into how crypto represents not just an emerging technology but a political opportunity to reclaim young voters lost in recent cycles. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to 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.
0:18.1	What's going on, guys? It is Sunday, May 11th, and that means it's time for Long Read Sunday.
0:23.2	Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it,
0:26.8	give it a rating, give it a review, or if you want to dive deeper into the conversation,
0:30.2	come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly.
0:34.3	All right, friends, for this Longreed Sunday, we are getting a little bit political.
0:40.4	The piece is by Berkeley Law Lecturer Hermione Wong and is titled how the Democrats'
0:45.4	path to 2026 victory goes through decentralized crypto.
0:49.4	The current draft of the Genius Act elevates centralized entities and overseeing stable
0:53.0	coins.
0:54.0	Democrats should take
0:54.8	the right stand against it. So let's turn it over to the 11 Labs version of myself, and then I will
1:00.4	come back and provide my own thoughts. The latest crypto and Congress news is all about the
1:06.0	Senate Democrats getting cold feet on the stablecoin bill, the Genius Act, the same bill they voted for just two
1:12.8	months ago. Why the flip-flop? Because they don't like Trump and they think the bill will help him
1:17.9	profit. Why the Democrats keep hitting replay on this losing message is beyond me. Hating on Trump
1:25.5	does not win elections. Just refer to the electoral bloodbath of
1:29.2	2024. But here's the kicker. Crypto isn't the threat. It's the opportunity. If Democrats
1:36.4	drop their losing soundbites long enough to really learn crypto, they wouldn't just write better
1:41.3	policy. They'd rewrite their political future in 2026.
1:45.7	Section by the numbers. In 2024, Democrats lost a generation. Young men who had historically
	...

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.