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, August 21st, and today we are talking Coinbase International, Sam's request to not be in jail, SEC Ripple, and much, much more.

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Hello, friends. Well, we are officially in the dog days of summer. This is a period of the year

that is always quiet. People are soaking in the last of their summer vacations. Traditional markets

aren't very active.

People are getting ready to go back to school or go back to jobs. And particularly this year,

given that we are in the true depths of a bear market, or if you've listened to my episodes

with James Check from Glassnode, that long in between a bear and a bull market where things

just kind of stay flat and boring, the August old drums are even more

amplified. Now, I will say interestingly, that the excitement around things being built on

base, and in particular, friend.tech, I do think is at least a little worthy of notice in the

context of some patterns that I've noticed at the beginning of bull markets. Patterns that involve

on the one hand, Bitcoin driving a new narrative return to the space, and on the other hand,

in franchise builders within the space, finding some new playground or sandbox to mess around in.

But maybe we'll look a little bit more at that later this week. For today, we're going to do a grab bag of some of the more important things from the

past few days, and we're going to start with the SEC and Ripple.

Ever since Judge Torres handed down her decision in the Ripple v. SEC case, the big open

question has been whether the SEC was going to file their appeal, and what would it say if they did?

Well, now the SEC have filed their motion for permission to appeal the Ripple decision.

...