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 Thursday, August 15th, and today we are talking about the

Crypto4 Harris event. Was it a real thing or not so much? Before that, however, if you are

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All right, friends. Well, last night, the Crypto4 Harris account slash campaign held their

virtual town hall. Many people were using this as a proxy to better understand how serious this thing

was. Of course, the big meta question that's been floating around in the realm of

crypto politics recently is whether there's anything real to this idea that there is more

democratic openness and a potential for a reset of a relationship with the industry.

Many are very skeptical. Basically, the argument there is that if you're in power now and you're

not doing anything about it, then isn't this all just lip service? Aren't you just

asking for them to put you back in power without consideration of the power that you already have?

So let's talk about what happened. The event did feature numerous pro-crypto lawmakers.

Disappointingly for many, no one directly linked to the Harris campaign was there.

Perhaps the closest the event came to a worthy headline moment with Senate Majority Leader Chuck Schumer,

stating his intention to include crypto legislation on his agenda for the remainder of the year.

He said, quote,

My goal is to get something passed out of the Senate and into law by the end of the year,

and I believe we can make that happen.

...