A Surprise Crypto Bill Veto in California

California Gov. Gavin Newsom says no to a bill that passed the Assembly 71-0.

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ABOUT

This episode is sponsored by Nexo.io, Chainalysis and FTX US.

On today’s episode, NLW looks a set of recent crypto news, including:

A veto of California’s version of New York’s BitLicense bill
A new DARPA initiative to study crypto as a national security issue
IRS issues “John Doe” summons on crypto tax issues
Tension around the CFTC as lead crypto regulator

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell and research by Scott Hill. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. Music behind our sponsors today is “Razor Red” by Sam Barsh and “The Life We Had” by Moments. Image credit: Jerod Harris/Getty Images for Vox Media/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.

HOST

Nathaniel Whittemore

NLW is an independent strategy and communications consultant for leading crypto companies as well as host of The Breakdown – the fastest-growing podcast in crypto. Whittemore has been a VC with Learn Capital, was on the founding team of Change.org, and founded a program design center at his alma mater Northwestern University that helped inspire the largest donation in the school’s history.