New York City Gets Itself a Bitcoin Mayor

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 4 November 2021

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

This episode is sponsored by NYDIG. Despite (or perhaps because of) being one of the world’s great traditional financial hubs, New York has a contentious relationship with crypto. Between the BitLicense and a very active state attorney general, New York and crypto aren’t always simpatico. That’s why it has been exciting for many New Yorkers to see candidates of both parties advocating for New York City to become a crypto hub, and to do so in a way that benefits financial access and economic empowerment goals. NLW breaks down candidate statements and looks at the friendly competition brewing between NYC and Miami. NYDIG, the institutional-grade platform for bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW. 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 “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 “Dark Crazed Cap” by Isaac Joel. Image credit: Michael M. Santiago/Getty Images News, modified by CoinDesk.

Transcript

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0:00.0	This sort of competition for businesses, for tax bases, for the narrative is going to be an
0:05.3	increasing feature of this landscape. And so I am feeling extremely bullish this morning,
0:10.2	waking up to see multiple major American city mayors excited about the possibilities that Bitcoin
0:15.6	and crypto represent and actually starting to put their money where their mouth is and get involved.
0:22.3	Welcome back to The Breakdown with me, NLW.
0:26.4	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:33.5	The breakdown is sponsored by Nidig and produced and distributed by CoinDesk.
0:40.0	What's going on, guys? It is Wednesday, November 3rd, and today we are discussing how New York
0:47.1	City has gotten itself a Bitcoin mayor. Yesterday was election day in the United States, and while this wasn't a huge election day
0:57.1	in the sense that there weren't midterms, it wasn't exactly a referendum on Congress or the
1:02.0	Biden administration, it was something of a preview for what's to come. And frankly, for Democrats,
1:08.7	it wasn't a great showing. States that had seen pretty significant
1:13.3	Democratic majorities in the last election actually lost some ground here. For example,
1:19.9	the banner headlines were a much closer than expected New Jersey governor's race and a governor's
1:25.3	race in Virginia that actually is going to the Republicans.
1:29.2	The first time a top of the ticket Republican has won in that state since 2009.
1:35.0	The New York Times morning newsletter called it the Democrats rough election night and said,
1:40.9	Good morning, Republicans had a very good election night.
1:45.4	Now, while these elections may not directly impact what's going on in Congress and the Senate
1:50.5	right now, they do in an indirect way.
1:53.8	As The New York Times writes, so what do Democrats do now?
1:57.1	They have two basic options.
	...

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