This episode is sponsored by Nexo.ioNEAR and FTX US.

Today on “The Breakdown,” NLW looks at a story – or at least a headline – that is getting big traction on Twitter. The headline is about the Biden administration pushing Bitcoin to be more energy efficient. Except there really isn’t any news to that effect. All of the repurposed headlines stem from one Bloomberg Law piece with a few vague quotes from an administration official working on an energy-related crypto report requested in President Joe Biden’s March Executive Order. NLW argues that the community getting frantically worked up about these sorts of non-stories is going to crowd out space for the real political battles to come.

“The Breakdown” is written, produced by and features Nathaniel Whittemore aka NLW, with editing by Rob Mitchell, research by Scott Hill and additional production support by Eleanor Pahl. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Al Drago-Pool/Getty Images. Join the discussion at discord.gg/VrKRrfKCz8.