CoinDesk Podcast Network - BREAKDOWN: The SEC Threatens to Sue Coinbase but Coinbase Is Fighting Back

According to the company, the SEC has threatened to sue over the not-yet-launched Coinbase Lend product.

This episode is sponsored by NYDIG.

Today on “The Breakdown,” NLW briefly covers yesterday’s bitcoin price crash and why it was driven by market structure more than news. The main topic focuses on revelations from Coinbase that after months of engagement around its upcoming Lend product, the SEC is now threatening to sue. NLW examines the controversy from five dimensions:

  • The argument for and against lending as a security
  • The SEC’s pattern of regulation by litigation
  • How the SEC is rewarding bad actors by punishing compliance
  • The concerning surveillance implications of one of the SEC’s requests 
  • Why these strong-arm tactics are doomed 


Should Coinbase take the battle to court? 

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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: Alex Wong/Getty Images News, modified by CoinDesk.

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Song Exploder - Mustafa – Air Forces

Mustafa is a singer, songwriter, and poet from Toronto. He gained national recognition in Canada for his poetry. in 2016, he served on Prime Minister Justin Trudeau’s Youth Advisory Council. Later, as a songwriter, he contributed to the Grammy award-winning album Starboy by The Weeknd, and he’s written songs for Usher, Camila Cabello, and others. In May 2021, he released his own debut album, called When Smoke Rises, inspired by his experiences losing friends to inner-city violence. His album’s been critically acclaimed, and it was shortlisted for the Polaris Prize. I spoke to Mustafa about his song "Air Forces," a track he made with his longtime collaborator, Grammy-winning producer Frank Dukes, plus Swedish artist Simon on the Moon, and Jamie xx.

For more visit, songexploder.net/mustafa.

Stuff They Don't Want You To Know - The Melungeon Mystery

It's no secret that the story of US history taught in school doesn't always match the reality of certain events -- and the deeper you dig, the stranger some stories become. In today's episode, the guys dive into the historic mystery surrounding Melungeons and other communities collectively known as tri-racial isolates, groups throughout the southern and eastern United States known for their enigmatic origins and insular, rural communities. Where did these groups actually come from? Are any of the legends about them true? Tune in to learn more.

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They don't want you to read our book.: https://static.macmillan.com/static/fib/stuff-you-should-read/

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Big Technology Podcast - How The Music Industry Predicts The Future — With Zack O’Malley Greenburg

Zack O'Malley Greenburg is a music journalist who's spent time with everyone from Katy Perry to Kanye West. He joins Big Technology Podcast to discuss how the music industry seems to go through every major technology-driven shift before everyone else, including the decline of brick-and-mortar retail (see: Tower Records), to the rise of streaming content (Spotify), and even NFTs (WuTang's Once Upon a Time in Shaolin). Greenburg also discusses how he's applied lessons from some of the world's most successful musicians in his own career.

You can follow Zack's book, We Are All Musicians Now, on Substack here: https://zogblog.substack.com/

Headlines From The Times - Why Gavin Newsom faces a recall election

In 2018, Gavin Newsom was elected California’s governor with nearly 62 percent of the vote. It was the largest margin of victory in a California gubernatorial election in nearly 70 years and cemented Newsom’s reputation as the state’s marquee Democrat. 

But now Newsom faces a recall election, and all of liberal America is asking: What happened? Today, in the second part of our series on California’s recall election, we examine the rise and potential fall of Newsom. 

The former lieutenant governor and San Francisco mayor seems like the perfect official to lead deep-blue California,  but now there’s a chance he might be on the wrong side of a historical political upset.

More reading:

 Read all of the L.A. Times California gubernatorial recall election coverage here

Q&A: What you need to know about the attempt to recall Gov. Gavin Newsom

Column: In California governor recall, Latinos have a chance to cause political ‘desmadre’

CBS News Roundup - World News Roundup: 09/08

Classrooms in crisis as students and teachers contract COVID. Demanding action on infrastructure. How security changed forever after 9/11. CBS News Correspondent Steve Kathan has today's World News Roundup.

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The Intelligence from The Economist - The call before the storm? Brazil’s protests

Tens of thousands of people aligned with President Jair Bolsonaro held protests—at his direction. Yet the numbers are increasingly aligned against him as he eyes next year’s elections. Conspiracy theories are nothing new, but politicians espousing them, and exploiting them to great effect, make them much more than harmless tales. And a listen to the disappearing sounds of old Beijing.

Additional Beijing audio courtesy of Colin Chinnery.

For full access to print, digital and audio editions of The Economist, subscribe here www.economist.com/intelligenceoffer

The Best One Yet - 🌋 “B-day” — El Salvador’s Bitcoin Day. Callaway Golf’s comeback. Entergy’s buried treasure.

Happy B-Day to El Salvador, which just made Bitcoin legal tender… so we’re looking at how it went down (spoiler: lava). Callaway Golf shockingly claims its sales are about to double, but the real reason is a White claw and a 7-iron. And just after Hurricane Ida crushed a record number of power polls, Entergy Corp is facing a Shakespearean question: To bury, or not to bury. $BTC $ELY $ETR Got a SnackFact? Tweet it @RobinhoodSnacks @JackKramer @NickOfNewYork Want a shoutout on the pod? Fill out this form: https://forms.gle/KhUAo31xmkSdeynD9 Got a SnackFact for the pod? We got a form for that too: https://docs.google.com/forms/d/e/1FAIpQLSe64VKtvMNDPGSncHDRF07W34cPMDO3N8Y4DpmNP_kweC58tw/viewform Learn more about your ad choices. Visit podcastchoices.com/adchoices See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.