The SEC Backs Off Another Crypto Enforcement Action

The Breakdown

Blockworks

Investing, Business

4.8 • 806 Ratings

🗓️ 16 July 2024

⏱️ 15 minutes

🔗️ Recording | iTunes | RSS

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Summary

The SEC has dropped it's three year investigation into the Stacks ecosystem. It's a good outcome -- but at an absurd cost that simply shows how moribund and counterproductive the SEC's regulation by enforcement strategy has been. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.4	What's going on, guys? It is Monday, July 15th, and today we are talking about the SEC
0:23.4	backing down. Before we get into that, however, if you are enjoying The Breakdown, please go
0:28.0	subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the
0:31.6	conversation, come join us on the Breakers Discord. You can find a link in the show notes or go
0:35.6	to bit.ly slash breakdown pod.
0:38.3	Hello friends. Welcome back to The Breakdown. This weekend was obviously a massive one in American
0:45.3	political history, not just in the context of this campaign, but in general. At this juncture,
0:50.3	my plan is to continue to cover the presidential campaign and former President Donald Trump
0:55.2	specifically exclusively in the context of the Bitcoin and Crypto Space. That leaves no shortage
1:01.7	of discussion to be had. And indeed, even after this assassination attempt, President Trump
1:06.0	has confirmed that he will be keeping his appearance at the Bitcoin Conference in Nashville.
1:11.1	That will be one of his first appearances after being confirmed as the Republican nominee
1:15.4	on Thursday night, and will be our first chance to see how the language and the discourse of
1:20.6	Bitcoin is fitting into what promises to be a pretty new campaign story following the shooting.
1:26.4	Reports from Trump himself are that the attempt on
1:28.8	his life has fundamentally changed the nomination acceptance speech that he was going to give on
1:33.1	Thursday. In the way that this incredible and terrible event has heightened the political stakes in
1:38.3	just about every dimension, so too has it heightened everything that will happen around the Bitcoin
1:43.1	conference. It seems likely to me that throughout the week and leading up to that event, there will be more context so too has it heightened everything that will happen around the Bitcoin Conference.
1:47.9	It seems likely to me that throughout the week and leading up to that event, there will be more context for discussion of Bitcoin in both the Trump campaign and in the presidential election
	...

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