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 Wednesday, August 14th, and today we are talking beyond the speculation,

some evidence around where a potential future Harris administration might land when it comes to crypto.

Before we get into that, however, if you're 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. All right, friends. So one of the things that we have been trying

to parse out is, of course, how real any potential Democrat crypto pivot have been.

On the one hand, there have been those in the industry who are completely convinced that it's all just lip service to the extent it's anything at all. And then

there are others, particularly those on the progressive side of the aisle who are some combination

of desperately hoping slash trying behind the scenes to actually push a change. I think, though,

that there is a broad sense, even among those who are advocating for change and who are hoping

for change, that change can't just be lip service, it has to be action. And so, of course, given that,

one of the things that people have wanted to know is who's actually going to be in charge of these

key areas in a potential future Harris administration. Remember, the assessment of many is that

the big part of the Biden administration's issue

with crypto wasn't because Joe Biden himself is sitting there antagonistically pissed off because he lost

a bag on Bitcoin or something, but instead because he cut a deal with Elizabeth Warren to give her way

more control over the economic appointments in his administration than we might have liked.

Well, now we are starting

to get pictures of who might be involved in the next Democratic administration, and those hoping

for a change so far look to be disappointed. The whispers around this Democratic crypto pivot

...