CoinDesk - Unknown

Yesterday’s Hearing Was Crypto’s Most Positive Interaction with the US Government, Ever

Does this represent a turning point for the U.S. crypto industry?

December 9, 2021
Consensus 2023 Logo
Join the most important conversation in crypto and Web3 taking place in Austin, Texas, April 26-28.

This episode is sponsored by NYDIG.

Yesterday the House Financial Services Committee held a hearing on the future of digital assets. Shockingly to almost everyone, the tone was respectful, collegial and considered, and lawmakers seemed genuinely interested in working toward a greater understanding of the industry.

In today’s episode, NLW covers why the hearing felt different as well as key themes like U.S. dollar hegemony and the rebranding of crypto to “Web 3.”

“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. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Dark Crazed Cap” by Isaac Joel. Image credit: Stefani Reynolds/Bloomberg/Getty Images, modified by CoinDesk.