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 Sunday, June 9th, and that means it's time for Long Read Sunday.

Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it,

give it a rating, give it a review, or if you want to dive deeper into the conversation.

Come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash

breakdown pod. Well, friends, we are sitting here as the tide turns around us, and you can absolutely feel

that something is shifted in crypto.

There are the politics around it that we've covered so extensively here.

There's the eth-tif-tif approvals that happened recently.

But whatever the case, it feels like it is time to move on and move to the next phase. And that is the theme of the first piece that we are reading today by Skybridge Capital's

Anthony Scaramucci called It's Time to End the SEC's War on Crypto.

Now, my COVID-Having self is going to turn this over to the 11 Labs version of NLW to read this,

and then I will be back.

The American government is badly damaged.

We need public servants who care more about right or wrong, especially when it comes to the crypto industry.

I'm not denying that there are reasonable questions about how crypto firms should be regulated.

Many policy questions still require legislation to resolve.

But our current system is broken.

The securities and exchange Commission traditionally does not expose

itself in its credibility to an appellate beatdown. But this SEC is different. This SEC and

Chair Gary Gensler have an extra regulatory anti-crypto agenda, and they are using their power to

...