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 Monday, March 10th, and we have so much to catch up on the

Crypto Summit, BSR commentary, all of that good stuff from the end of last week and the weekend.

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All right, friends, well, as you well know, the White House held their first crypto summit on

Friday, assembling industry leaders from across the world to discuss U.S.

crypto policy.

The event kicked off with a rather baffling live stream.

President Trump opened the event, then immediately

pivoted to discussing the World Cup, complete with an unveiling of the trophy. Once the soccer

portion of the meeting was over, Trump reiterated his pledge to, quote, make America the Bitcoin

superpower of the world and the crypto capital of the planet. Trump put the Bitcoin strategic

reserve front and center in his strategy, stating that the

U.S. government would now, quote, follow the rule that every Bitcoiner knows, never sell your

Bitcoin. Cryptozar David Sachs commented that the administration is, quote, moving at tech

speed, and frankly to be expected, substantive policy discussion was pretty thin.

Treasury Secretary Scott Bessant said the Bitcoin Reserve

was a key part of a strategy to, quote, augment the asset side of the United States balance sheet.

He acknowledged that regulations had been weaponized against the industry, pledging to unwind

...