A Blueprint for Crypto In America

The Breakdown

Nathaniel Whittemore

Investing, Business

4.8 • 786 Ratings

🗓️ 6 April 2025

⏱️ 11 minutes

🔗️ Recording | iTunes | RSS

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Summary

A reading and discussion of Representatives French Hill and Glenn GT Thompson Blueprint fro Digital Assets in America https://www.coindesk.com/opinion/2025/04/04/a-blueprint-for-digital-assets-in-america Sponsored by: Crypto Tax Calculator Accurate Crypto Taxes. No Guesswork. Say goodbye to tax season headaches with Crypto Tax Calculator: Generate accurate, CPA-endorsed tax reports fully compliant with IRS rules. Seamlessly integrate with 3000+ wallets, exchanges, and on-chain platforms. Import reports directly into TurboTax or H&R Block, or securely share them with your accountant. Exclusive Offer: Use the code BW2025 to enjoy 30% off all paid plans. Don’t miss out - offer expires 15 April 2025! Ledger Ledger, the world leader in digital asset security, proudly sponsors The Breakdown podcast. Celebrating 10 years of protecting over 20% of the world’s crypto, Ledger ensures the security of your assets. For the best self-custody solution in the space, buy a LEDGER™ device and secure your crypto today. Buy now on Ledger.com. Enjoying this content? SUBSCRIBE to the Podcast: https://pod.link/1438693620 Watch on YouTube: https://www.youtube.com/nathanielwhittemorecrypto Subscribe to the newsletter: https://breakdown.beehiiv.com/ Join the discussion: https://discord.gg/VrKRrfKCz8 Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW

Transcript

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0:00.0	Welcome back to The Breakdown with me, NLW.
0:09.3	It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.
0:18.6	What's going on, guys? It is Sunday, April 6th, and that means it's time for Long Read Sunday.
0:24.2	Before we get into that, however, if you are enjoying The Breakdown, please go subscribe to it,
0:27.7	give it a rating, give it a review, or if you want to dive deeper into the conversation,
0:31.0	come join us on the Breakers Discord. You can find a link in the show notes or go to bit.ly slash breakdown pod. All right, friends, back with another long read, and today we have yet another piece by current
0:41.0	U.S. lawmakers, including French Hill, who is the chairman of the House Financial Services Committee,
0:46.2	and who is pushing most strenuously for crypto market structure regulation.
0:50.5	It is not French Hill alone.
0:51.6	He is also joined by Glenn G.T. Thompson, another congressman and the chairman of
0:55.5	the House Committee on Agriculture. The piece is called a blueprint for digital assets in America.
1:00.7	I'm going to turn it over to the AI version of me to read this, and then we will come back and talk
1:04.8	about these six principles. In 2008, an anonymous person or group of people known only as Satoshi Nakamoto released a now seminal document, the Bitcoin white paper, introducing a peer-to-peer system for value of exchange without intermediaries.
1:20.4	With this revolutionary concept, the idea of a digital asset was born. Soon after, developers and entrepreneurs expanded on this concept,
1:29.5	developing systems where value was exchanged not just for its own sake, but for services
1:34.1	and digital products. Over the past decade, innovators have built permissionless,
1:39.1	decentralized networks for computing services, file storage, asset exchange, cellular coverage, Wi-Fi connectivity,
1:46.5	mapping tools, lending services, and more. Because digital assets can be used for services
1:51.6	that anyone can offer and anyone can access, the use cases, both financial and non-financial,
1:57.9	are potentially endless. Despite this promise, these networks have courted criticism.
2:03.0	The Biden-Harris administration attempted to block this innovative advance through a relentless
2:07.2	campaign of lawsuits and enforcement actions without providing the regulatory clarity, the digital
	...

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