Meet the Bitcoin Legal Defense Fund

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 14 January 2022

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by Nexo, Abra and FTX US. On today’s episode, NLW covers: The new Bitcoin Legal Defense Fund from Jack Dorsey and others Crypto nuggets from 250 pages of former Treasury Secretary Steven Mnuchin’s emails The latest out of the Agriculture and Energy committees in Congress as it relates to crypto regulation Crypto hedge funds massively outperform TradFi 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 - Nexo is a powerful, all-in-one crypto platform where you can securely store your crypto. Invest, borrow, exchange and earn up to 17% APR on Bitcoin and 20+ other top coins. Insured for $375M. Audited in real-time by Armanino. Rated excellent on Trustpilot. Get started today at nexo.io. - Abra is proud to sponsor The Breakdown. Join 1M+ users and Conquer Crypto with Abra, a simple and secure app where you can trade 110+ cryptocurrencies, get 0% interest loans using crypto as collateral, and earn interest with up to 14% APY on stablecoins and 8.15% APY on Bitcoin. Visit Abra.com to get started. - 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. - “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. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Time” by OBOY. Image credit: Paper Boat Creative/Stone/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

Transcript

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0:00.0	it's hard for me to imagine any scenario in which having a hearing, especially a hearing that
0:05.9	allows Congresspeople to hear directly from the industry itself, doesn't do more to dispel
0:11.4	notions around energy that are largely thrown around in the media and in the popular
0:14.9	consciousness, then make them worse. Knowledge, education, information, the chance to discuss,
0:22.9	even if it comes with the side of demagoguery is better than the alternative.
0:26.7	Welcome back to The Breakdown with me, NLW.
0:30.8	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:36.8	The breakdown is sponsored by nexo.io, Abra, and FTX, and produced and distributed by CoinDesk.
0:44.6	What's going on, guys? It is Thursday, January 13th, and today we are talking about the new Bitcoin
0:50.9	Defense Fund, along with a number of other topics. First, however, if you are enjoying
0:57.1	this show, please go subscribe to it, give it five stars, or leave a review. And if you want to get
1:04.1	deeper into the conversation, we have a popping Discord now. It's bit.ly slash breakdown pod, or that link is in the show notes as well.
1:13.7	I would love to see you guys there. Please come join. Also, standard disclosure, in addition to them
1:19.7	being a sponsor, I also work with FTX. Now, there are a bunch of interesting topics today,
1:26.5	so let's dive right in and let's start
1:29.0	with the Bitcoin Legal Defense Fund.
1:32.0	This news was not announced in any formal way.
1:35.0	It wasn't a press release.
1:36.0	It wasn't a tweet.
1:37.0	It was just an email from Jack Dorsey to the Bitcoin Dev mailing list.
1:41.2	I'm going to read it in its completion.
1:43.6	Two Bitcoin Developers. The Bitcoin community is currently it in its completion. Two Bitcoin developers. The Bitcoin
	...

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