Post-Narrative Institutionalization vs. Regulatory Enforcement

BNY Mellon is approved for crypto custody while the SEC examines Yuga Labs.

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ABOUT

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

On today’s episode, NLW covers stories that reflect the two big themes of the 2022 crypto bear market: post-narrative institutional adoption on the one hand, and regulatory enforcement on the other. He covers the news that BNY Mellon has been approved to custody crypto (along with accusations from some in the industry that the approval shows regulatory favoritism for TradFi), Google’s partnership with Coinbase, Grayscale’s first brief in its lawsuit against the SEC and reports that the SEC is looking into Bored Ape Yacht Club creator Yuga Labs. (Grayscale is a subsidiary of Digital Currency Group, the parent company of CoinDesk.)

“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 “The Now” by Aaron Sprinkle and “The Life We Had” by Moments. Image credit: Noam Galai/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.