Welcome back to The Breakdown with me, NLW.

It's a daily podcast on macro, Bitcoin, and the big picture power shifts remaking our world.

What's going on, guys? It is Thursday, March 6th, and today we are previewing tomorrow's

White House Crypto Summit. Before we get into that, however, if you are enjoying the breakdown,

please go subscribe to it, give it a rating, give it a review, or if you want to dive deeper into

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Well, friends, excitement is starting to build around the first White House Crypto Summit to be

held on Friday. The series of events takes the place of the Crypto Council the administration

had initially been considering. Details are still a little vague, but the original plan was to

establish a permanent council of advisors

to develop crypto policy for the country. This iteration of the plan seems to involve

holding a series of summits to work on individual policies, each with a separate invite list.

We don't know exactly what will be on the agenda for the first summit, but all indications

and the smart money suggest that this will be the unveiling of policy details

for the crypto strategic reserve. Over the past month, we've had a steady trickle of anonymous

sources saying that the crypto council idea fell apart because of squabbling among industry leadership.

One source told the crypt this week that, quote, I would say they made an excellent strategic

decision to keep a pissing match outside of the White House, as opposed to bringing it inside the White House.

Richard Grinnell, one of Trump's top diplomats, seemed to confirm this view, tweeting last

week, there's a disturbing trend in crypto where the same players who once backed far-left

candidates and policies, the very people behind Operation Shokepoint 2.0, are now manipulating

...