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 Saturday, September 16th, and that means it's time for the weekly recap.

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Hello friends. Well, as you know, I have been doing something a little bit different for the weekly recap recently. I've been collaborating with Scott Melker, the Wolf of All

Streets on Friday morning with a live show that we've been doing that's basically a chance

to count down what we think are the most important stories and have some more

editorial analysis around them. Obviously, you guys know that when it comes to the normal breakdown

show, the way that I insert editorial isn't me giving my opinion on every story that comes through.

Instead, it's about how I curate the breadth of different opinions, and that's what really

matters to me. I want you guys to have lots of different opinions so you can make up your own minds about

everything that's going through this industry.

However, people have responded to having a chance to have a little bit more of that subjective,

opinionated take.

And so today, while Scott is in Singapore for Token 2049, I decided that I would do my own countdown. This is pretty

off the cuff. I'm just letting it rip. But these are what I think are the five most important

stories in reverse order. Of course, we're going to do a countdown. Let's make it a countdown.

At number five, we have the Gensler hearing and his subsequent comments. So what happened?

Well, there was a standard oversight

...