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 Tuesday, November 7th, and we are back with The Breakdown.

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All right, friends, we are back from that anniversary trip that you knew You can find a link in the show notes or go to bit.ly slash breakdown pod.

All right, friends, we are back from that anniversary trip that you knew about.

Very rejuvenating.

Excited to be back with you all.

And today, although it is by now long old news to all of you, for the sake of completeness, we are going to wrap up our coverage of the SBF trial.

Now, I'm going to focus on some of the logistics, what happens from here, and of course

spend most of my time on community reactions. So, on Thursday night, Sam Bankman-Fried was found

guilty on all seven counts of fraud and money laundering. Sam's defense attorney maintains

his innocence and says they will continue to, quote,

vigorously fight the charges. After the verdict was handed down, Damien Williams, the U.S.

attorney for the Southern District of New York, delivered an ominous warning on the

courthouse steps. He said that although the cryptocurrency industry is new, quote,

this kind of fraud, this kind of corruption, is as old as time, and we have no patience for it.

Williams noted that Sam's case moved at lightning speed, which he said was a choice, not a

coincidence.

He said that this case was a warning to, quote, every single fraudster out there who thinks

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