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, March 4th, and today we are talking about some very interesting

new allies in a big legal case. Before we get into that, however, if you are enjoying the breakdown,

please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into the

conversation, come join us on the Breakers Discord. You can find a link in the show notes or go to

bit.ly slash breakdown pod. Hello friends. Well, I am just casually watching Bitcoin rip past 66,000

while I record. To keep in mind, for perspective, Bitcoin has only spent around two days in its life

above these levels, so this could be a very interesting week. However, somehow, we are not talking

about that today. Instead, we are talking about breakdown sponsor Cracken and their fight against the

SEC. Quick note here, I think most of you know this, but just to be clear, when we do sponsorship

on the breakdown, sponsors have absolutely no editorial control. I don't give preferential coverage.

In fact, frankly, I tend to avoid sponsor topics more than I might even otherwise to avoid any

sense that they're buying their way onto the show. When a sponsor joins, it's because they like what

we talk about here. Point being, I'm covering this because I think it's a really big deal for crypto, not just for

Cracken. Now, with that out of the way, Cracken has received some unexpected assistance in defending

against the SEC's lawsuit. A group of attorneys general across eight states have filed a joint

amicus brief arguing that the SEC has stepped far outside its jurisdiction.

An amicus or friend of the court brief allows a third party to explain the state of the law

with the aim of helping the judge reach the correct decision.

Amicus briefs have played a pivotal role in prior crypto cases,

with numerous third parties influencing the outcome of hearings in the Coinbase and Ripple lawsuits, among others.

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