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 Monday, June 5th, and today we are talking about the biggest

crypto bill of the year. Before we get into that, a quick note. If you haven't checked it out yet,

I would highly encourage you to go listen to Bitcoin Builders. It's a new show from the

Breakdown Network that's all about the incredible creative and entrepreneurial energy that is

surrounding Bitcoin right now.

I just published an interview with Robert Leashman from River. Before that, there was an interview

with Obie from Fetty. And coming up, there's a really great overview and primer on Noster.

Again, the name of that show is Bitcoin Builders, and you can find out more at breakdown.network.

Now, today, however, we have some actually interesting news in the

crypto space. Frankly, friends, it has been a bit of a news desert. Now, on the one hand, that's pretty

natural for this part of the cycle. The blockchain associations Jake Trevinsky recently wrote,

It's crazy how much the mood in crypto feels like 2019 right now. Of course, many things are

different in 2023, and nobody knows what the future will bring. But if market cycles are real,

then now's a good time to start paying a little extra attention. Now that said, at the very end of

last week and coming into this week, the news is starting to come fast and furious. Today's show is going to be

all about this big crypto legislation that was introduced at the very end of last week after we had

finished taping shows for the weekend. And even as I record this, we just got news that the SEC was

suing CZ and Binance. So obviously we know what tomorrow's show will be all about. But for today,

I learned about this new

legislation at 8.31 p.m. on Friday night. When Paradigms Justin Slaughter wrote,

...