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

On today’s episode, NLW looks at a slate of news from the crypto industry, organized around three big-picture themes:

  • Regulatory – including the latest from the SEC, CFTC and Treasury Department
  • Institutional involvement – including a Barclays investment in a crypto custodian
  • Builder activity – including a new non-token Web3 project from Tether and Bitfinex

“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: Malte Mueller/Getty Images, modified by CoinDesk. Join the discussion at