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

The U.S. Office of Government Ethics released rules this week that executive branch staffers who owned crypto wouldn't be allowed to work on any crypto-related regulation. NLW explores the pros and cons of this, and expands the discussion to ethics and financial conflicts of interest more broadly.

“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. The music you heard today behind our sponsors is “The Now” by Aaron Sprinkle. Image credit: fStop Images - Antenna/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.