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, December 20th, and of course, we are talking once again about Elizabeth Warren.

Before we get into that, however, if you are enjoying the breakdown, please go subscribe to it,

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breakdown pod. Well, one day, friends, one day a week will go by where we don't have to talk about

Elizabeth Warren and yet that week is not this week. The erstwhile, Massachusetts Senator has launched

the latest salvo in her war against crypto, firing off a brace of letters,

of course, to the Blockchain Association, Coin Center, and Coinbase.

The focus of those letters was on lobbying efforts from these three organizations.

She repeated a claim from Politico, accusing the groups of, quote,

flexing a not-so-secret weapon, a small army of former defense, national security, and law

enforcement officials

to work on your behalf to undermine bipartisan efforts in Congress and the Biden administration

to address the role of cryptocurrency in financing Hamas and other terrorist organizations.

Warren asserted that since the October 7th attacks, quote, new information has revealed that

crypto has become an essential part for Hamas's operational

activity. She was, of course, still citing the notorious Wall Street Journal article to ground this

claim. That article has since been subjected to a thorough debunking, and the newspaper was forced

to issue a correction. Warren also pointed to the recent finance settlement, saying that the

exchange had failed to, quote, implement programs to prevent and report suspicious transactions with terrorists, ransomware attackers, money launderers, and other

...