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, April 24th, and today we are talking about SEC lawyers

resigning over Debtbox. 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, first of all, an apology is in order. You may have noticed that there was not an

episode yesterday, and that was for a very good reason. If you happen to follow me on Twitter,

which of course you should at NLW, you probably saw a video of my car completely engulfed in

flames in my driveway. We have no idea what happened.

My wife had come home from an appointment, had driven just about five minutes, no problems,

and when she pulled in, it was smoking. By the time I got out there, the white hood of the car

looked like a marshmallow. And about a minute later, flames were spewing up from the hood,

and before the fire department could get there, the entire thing was completely gone. Absolutely wild, but here we are. So anyways, I wanted to get this one out a little bit earlier,

and then we will be back on track for the rest of the week. So, speaking of setting things on fire,

two SEC lawyers have been forced to resign following the scandal erupting from the debt box

lawsuit. You might remember that this case featured the SEC making false

statements and misrepresenting evidence to the court in pursuit of an emergency restraining order.

Making it much worse, Debtbox was not present at the initial hearing to defend themselves,

leaving the court to rely solely on representations made by the SEC. The misrepresentations were

related to closure of bank accounts and the movement of funds overseas,

neither of which were occurring. The restraining order was granted allowing the SEC to freeze

...