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Jerome Powell Confusingly Calls Out DeFi for Lack of Transparency

Do the Federal Reserve chief’s comments reflect larger confusion between decentralized finance and centralized finance?

September 30, 2022

This episode is sponsored by, Chainalysis and FTX US.

On today’s episode, NLW catches up on recent crypto news including:

  • Jerome Powell’s recent comments on DeFi
  • California enforcement actions
  • An update on Do Kwon
  • TBD teams up with Circle

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with today’s editing by Eleanor Pahl 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: Drew Angerer/Getty Images, modified by CoinDesk. Join the discussion at