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 Wednesday, September 18th, and today we are talking about

World Liberty Financial, as well as a congressional urge for clarity on airdrops. Before we get

into that, however, if you are enjoying the breakdown, please go subscribe to it, give it a rating,

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All right, friends, well, on Monday night, former president and current presidential

candidate Donald Trump took to Twitter spaces to launch his defy application, World Liberty

Financial.

If you're wondering why we're covering this, it's because a presidential candidate is

launching a defy platform, and you kind of have to take it seriously just by virtue of that alone.

So, over the two-hour live stream, Trump discussed his experience with the crypto industry so far,

and what drove him to get involved with the project. Referring to crypto payments for his

NFT projects, Trump said, because so many people paid this way, I was blown away. I wasn't overly interested, to be honest,

but I was surprised by the massive amount. Speaking to the crypto ecosystem in general,

he commented that it was, quote, big and yet it's a fledgling compared to what it will be.

I think my children open my eyes. He also used the opportunity to sell his crypto credentials to voters,

warning, since the hostile SEC heard I was involved, they're treating people much better.

If we don't win the election, there will be a huge crackdown on crypto people. They will be

living in hell. Donald Trump Jr. took over to sell the actual project, speaking to the

need for disruption in the lending market. He said, quote, this is the start of a financial

...