We Pushed Semiconductors Offshore; Are We Doing the Same to Crypto?

The Breakdown

Blockworks

Investing, Business

4.8 • 786 Ratings

🗓️ 12 March 2023

⏱️ 16 minutes

🔗️ Recording | iTunes | RSS

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Summary

On this week’s Long Reads Sunday, NLW reads: Semiconductors: A Cautionary Tale by Sheila Warren The SEC’s Other Option by TuongVy Le SEC Bitcoin ETF Dissent - Commissioner Hester Peirce and Commissioner Mark Uyeda Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW - “The Breakdown” is written, produced and narrated by Nathaniel Whittemore aka NLW, with editing by Michele Musso and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsor today is “Foothill Blvd” by Sam Barsh. Image credit: Malte Mueller/ Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8. Join the most important conversation in crypto and Web3 at Consensus 2023, happening April 26-28 in Austin, Texas. Come and immerse yourself in all that Web3, crypto, blockchain and the metaverse have to offer. Use code BREAKDOWN to get 15% off your pass. Visit consensus.coindesk.com.

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.2	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:15.3	The breakdown is produced and distributed by CoinDes.
0:20.3	What's going on, guys?
0:21.4	It is Sunday, March 12th, and that means it's time for Long Read Sunday.
0:25.8	Before we get into that, however, if you are enjoying the breakdown, please go subscribe
0:28.7	to it, give it a rating, give it a review, or if you want to dive deeper into the conversation,
0:32.8	come join us on the breakers discord.
0:34.6	You can find a link in the show notes or get a bit.ly slash breakdown
0:37.5	pod. All right, guys, well, boy, has it been a tumultuous week? I'm recording this Friday
0:43.9	afternoon. Who knows what other shoes have dropped since I was able to record this, but I want to do
0:49.9	a few different things on today's LRS. I want to start with what I think is a really good
0:55.6	thread comparing the U.S.'s approach to the crypto industry to another high-tech industry that
1:02.8	has had an interesting relationship, let's say, with American policy. And then we're going to
1:07.7	take it from there. So this first thread comes from Sheila Warren, who's the CEO of the Crypto Council.
1:13.9	She was formerly at the W.EF and has a lot of really interesting perspectives.
1:18.9	She's also the host, by the way, of CoinDesk's Money Reimagined podcast.
1:22.3	She writes,
1:23.1	The cognitive dissonance I have around watching the U.S. slowly offshore crypto while desperately
1:29.1	trying to bring back semiconductor manufacturing is wild. So I bring you semiconductors, a cautionary tale.
1:37.4	Recently, the White House announced an initiative to bring semiconductor manufacturing back to the
1:41.2	U.S. despite desperately trying to catch up to global competitors.
	...

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