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, May 20th, and today we are catching up on the stable coin vote in the Senate.

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, a big update yesterday.

The Senate has voted to advance the stablecoin bill, removing the last major roadblock

for the legislation.

In a late session last night, the Senate voted 66 to 32 to pass a procedural motion

allowing the bill to move to a final vote.

Earlier in the day, Politico reported the vote had a

strong chance of getting over the line. Democrat Senator Mark Warner had flipped and was now encouraging

his colleagues to vote for the bill. He told the press, many senators, myself included, have very

real concerns about the Trump family's use of crypto technologies, but we cannot allow that

corruption to blind us to the broader reality. Blockchain technology is here to stay.

We have a responsibility to ensure it happens safely, transparently, and in a way that

advances U.S. economic and national security interests.

The Genius Act will help us get started.

This, by the way, speaking from a political strategy perspective, not a politics perspective. So again, I'm not endorsing

any one point of view, but I'm just commenting on what I think the efficacy of a position is.

I think Democrats are going to have a lot more success with this line than with the obstructionist

walk out of the room line. Saying, look, we don't like this thing. We find it to be an example of corruption,

...