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Policymakers are forced to listen as backlash to the infrastructure bill continues.
This episode is sponsored by NYDIG.
The infrastructure bill’s crypto provision had the industry scrambling to lobby for change. On this episode of “The Breakdown,” NLW covers the continuing saga of the bill, including:
A last-minute addition to the infrastructure bill met with fierce resistance from figures across the crypto sector, from industry executives to crypto-friendly lawmakers. These statements called out the destructive nature of the bill as it would require non-broker crypto intermediaries to comply with strict IRS reporting standards, a nearly impossible task.
The extensive lobbying has not gone unnoticed. Mainstream media picked up the story as more and more statements called out the potential dangers of the bill. Policymakers are now forced to face the angry cyber-hornets headed their way.
The infrastructure bill battle is the first of many regulatory clashes to come. For example, debate is currently raging on crypto Twitter about the implications of SEC Chairman Gary Gensler’s speech on crypto today. Will the crypto industry tackle future regulatory collisions with a similar ferocity?
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NYDIG, the institutional-grade platform for Bitcoin, is making it possible for thousands of banks who have trusted relationships with hundreds of millions of customers, to offer Bitcoin. Learn more at NYDIG.com/NLW.
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The Breakdown is written, produced by and features NLW, with editing by Rob Mitchell and additional production support by Eleanor Pahl. Adam B. Levine is our executive producer and our theme music is “Countdown” by Neon Beach. The music you heard today behind our sponsor is “Only in Time” by Abloom. Image credit: iLexx/iStock/Getty Images, modified by CoinDesk.
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By Tony Hoagland
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Simone Biles takes the bronze. Mask mandates reinstated. Students in some states are back in the classroom. CBS News Correspondents Steve Futterman in Tokyo and Steve Kathan have today's World News Roundup.
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Hello from Tammy’s DIY SUV camper!
This week, we bring you talk of Korean archery, feminism, and misogyny. Plus, the terrifying end of the US eviction moratorium and what politicians and activists are doing about it.
* An San, South Korea’s triple gold medalist in archery, has been attacked by men’s rights activists for… having short hair. Why are so many young men so misogynistic? So mixed up in right-wing politics? What is the character of new Korean feminism and its homegrown #MeToo movement?
* US politics, a case study: Cori Bush and The Squad (who actually seem to care about tenants’ rights) vs. Nancy Pelosi (who just found out that the eviction moratorium was about to end).
Thanks for supporting the pod through Patreon and Substack! Please be in touch via email (timetosaygoodbyepod@gmail.com) and Twitter.
It takes skills to get a tiny golf ball into a faraway hole. It also takes money, connections, power, time and privilege — things historically denied to people of color. Data compiled by the PGA of America show that people of color make up about 18% of golfers in the United States. Black people: only 3%.
Pro basketball superstar Steph Curry has stepped up to change that, in partnership with Howard University, a historically Black institution. The school recently restarted a men’s and women’s golf team thanks to a donation from Curry that’ll fund it for six years. A few weeks ago, Howard’s golf program got a new pile of money at a fundraiser in California.
Today we hear from Farrell Evans, a reporter and golfer who writes about the intersection of race and golf. And we check in with Howard’s golf team.
More reading:
Steph Curry brings golf back to Howard University
Lee Elder, who broke the color barrier, honored during Masters ceremonial tee shot
Howard’s Gregory Odom Jr. plays through grief to win PGA Works Collegiate golf title
The semiconductor giant wants to acquire ARM—a British firm that is more complement than competitor—but regulators may balk. We look at what’s at stake in chips. Something is changing in Americans’ spiritual lives: a drift away from organised religion. We examine the startling rise in the “nothing in particular” denomination. And how women are leading China’s growing surfing scene.
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Amy Cooper was not the internet’s first “Karen” — the pejorative used for a demanding, entitled white woman. But as the Central Park dog walker who went viral for calling the police on a black birdwatcher last year, she quickly became the paragon of the archetype.
Within 24 hours, Amy Cooper had been doxxed, fired from her job, and surrendered her dog. She wound up fleeing the country. She hasn’t spoken publicly since last summer. Until now.
In a wide-ranging interview with Kmele Foster, friend of Honestly and co-host of The Fifth Column, we revisit the story of what happened in the park that day. We show what the media intentionally left out of the story. And we examine the cost of mob justice.
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