The Breakdown
The Breakdown dives into the deepest topics in crypto, blockchain, and the macro forces shaping markets and power structures. Each episode breaks down complex ideas into clear, grounded analysis — separating signal from noise across crypto, finance, and geopolitics. Hosted by David Canellis, The Breakdown features explainers, interviews, and conversations with the people building, regulating, and challenging the financial system. A Blockworks podcast. Subscribe to The Breakdown newsletter: https://the-breakdown.carrd.co/

Episoder(2058)

Senate Democrats Push for Bipartisan Role in Crypto Market Structure Bill

Senate Democrats Push for Bipartisan Role in Crypto Market Structure Bill

On today’s Breakdown, NLW looks at the latest twists in the crypto market structure bill. A group of 12 Senate Democrats is pushing for true bipartisan authorship, raising the stakes as time runs shor...

23 Sep 20259min

The Five Most Important Stories in Crypto This Week

The Five Most Important Stories in Crypto This Week

In this week’s Friday Five, NLW digs into why Bitcoin’s September performance is surprising markets, what the Fed’s anticlimactic rate cut means for the economy, and how new SEC approvals are reshapin...

20 Sep 202521min

Fed Cuts Rates Amid Rising Labor Market Risks

Fed Cuts Rates Amid Rising Labor Market Risks

The Federal Reserve delivered its first rate cut since last November, reducing the target range to 4–4.25% as weakening labor data outweighed inflation concerns. Chair Powell framed the move as a “ris...

19 Sep 202511min

Google’s New Agent Payments Protocol and What It Means for Crypto

Google’s New Agent Payments Protocol and What It Means for Crypto

Today on The Breakdown, NLW explores Google’s announcement of AP2, a new open-source payments standard that lets AI agents transact securely. Built with Coinbase and more than 60 partners, AP2 integra...

18 Sep 202510min

Coinbase Considers Token Launch

Coinbase Considers Token Launch

On today’s Breakdown, NLW unpacks the Senate’s confirmation of Trump adviser Stephen Moran to the Fed and the fierce debate over central bank independence ahead of Wednesday’s FOMC meeting. He then di...

17 Sep 202510min

Checking In On Last Week’s Crypto IPOs

Checking In On Last Week’s Crypto IPOs

Gemini and Figure Markets both raised significant cash in their IPOs last week, but their subdued trading debuts highlighted a cooler speculative environment compared to Circle’s explosive June listin...

15 Sep 202510min

Friday Five: SEC Turns Pro-Crypto, Tokenization Race Heats Up, Gemini IPO

Friday Five: SEC Turns Pro-Crypto, Tokenization Race Heats Up, Gemini IPO

This week’s Friday Five dives into the accelerating cryptoization of finance. SEC Chair Paul Atkins signaled a new era of pro-innovation policy, extending beyond crypto to AI and agentic trading. Sena...

13 Sep 202519min

SEC Chair: "Crypto’s Time Has Come"

SEC Chair: "Crypto’s Time Has Come"

SEC Chair Paul Atkins says the Gensler era of regulation by enforcement is over, as the agency launches Project Crypto to bring clarity and push capital markets on chain. From tokenization and super a...

12 Sep 20258min

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