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

On this week’s “Long Reads Sunday,” NLW reads Sam Bankman-Fried’s “Possible Digital Asset Industry Standards.”

He also references Erik Voorhees “A Response to SBF and Principled Crypto Regulation” and a thread featuring Scupytruples.

“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 “War” by Enoch Yang and “The Life We Had” by Moments. Image credit: Craig Barritt/Getty Images for CARE For Special Children, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.