One of Capitol Hill’s most connected insiders says crypto is here to stay.
This episode is sponsored by Nexo.io.
On this week’s “Breakdown Weekly Recap,” NLW explores U.S. regulatory FUD. He specifically looks at recent statements from the SEC’s Gary Gensler, as well as new Treasury Dept. policy that wants businesses to report crypto transactions of over $10,000 to the Internal Revenue Service. He argues that this is a “bureaucrat's bull market” that will be focused on compliance, not banning.
See also: Ray Dalio, Wall Street’s ‘Oddest Duck,’ Shares the Bitcoin Mind
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