The IMF and California Chart Different Courses on Crypto

This episode is sponsored by Nexo.io, NEAR and FTX US.

One of the key themes in the bitcoin (BTC) and crypto industry in 2022 is engagement from governments and the key financial institutions of the existing monetary system. Today, NLW examines two different approaches to how to engage with crypto, both on display last week. On the one hand was the International Monetary Fund pressuring Argentina to discourage crypto as part of a $45 billion debt deal. On the other was California announcing an Executive Order to build a robust and (seemingly) invitational regulatory regime for Web 3.

See also: California Governor Signs Executive Order to Spur Crypto Industry in the State

“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. Jared Schwartz is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsors is “Catnip” by Famous Cats and “I Don't Know How To Explain It” by Aaron Sprinkle. Image credit: Justin Sullivan/Getty Images, modified by CoinDesk. Join the discussion at discord.gg/VrKRrfKCz8.