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CoinDesk Podcast Network - BREAKDOWN: The Senate Shoves a Dangerous, Last-Minute $28B Crypto Provision Into the Infrastructure Bill

The bipartisan bill contains potential impacts to crypto intermediaries.

This episode is sponsored by NYDIG.

First, on the Brief:

  • U.S. growth last quarter performing under economists’ expectations
  • Robinhood's subdued IPO debut
  • "Wild amounts" of capital going into crypto


In the main discussion, NLW addresses the specifics, reactions and potential impacts of a crypto provision within the Biden administration’s big infrastructure bill. A draft copy of the provision aims to raise $28 billion via a crypto tax, imposing new reporting requirements for a broad swath of crypto intermediaries.

Potentially, intermediaries from wallet developers to miners will be impacted by the provision. If this draft of the bill makes it to a vote, how will a tax scheme impact crypto development and adoption? Is this provision just a messy step in a positive U.S. government acceptance of crypto or a dangerous damping factor on progress?

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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: rarrarorro/iStock/Getty Images, modified by CoinDesk.

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The Daily Signal - Michael Knowles on How Political Correctness Has Upended American Culture

What is political correctness? When did it start of seep its way into mainstream culture? How is political correctness destroying American society? Michael Knowles, host of "The Michael Knowles Show" at The Daily Wire, joins me on The Daily Signal Podcast to discuss. We also chat about his new book, “Speechless.”


"This whole culture has been upended," Knowles says.


"Actually, notably, by the 70s feminists, who said the personal is the political. They made every single private interaction open to public scrutiny. Now you're seeing everything settle down again on the left's terms. So you're seeing a new set of standards. You're seeing a new kind of censorship. You're seeing a new kind of speech code. It just happens to be the inverse in many ways of the old standards that we had."


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Stuff They Don't Want You To Know - Listener Mail: Secret Scientists, Hidden Blackhawks, and the Mystery of Melungeons

Why did the US government have a secret group of scientists known as the Jasons? Why would someone hide Blackhawk helicopters in an abandoned Walmart? What exactly are Melungeons? All this and more in this week's listener mail.

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The Commentary Magazine Podcast - Is the Spending the Problem?

There is a bipartisan infrastructure deal, and it looks likely to pass. The smorgasbord of other progressive wish list items that was supposed to follow its passage, however, is more imperiled than ever. Couple this with a disappointing second-quarter GDP number, and you have to wonder if the government spending to which we’ve committed ourselves over the course of the pandemic is the problem. Source

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CBS News Roundup - World News Roundup: 07/29

President Biden set to announce a vaccine mandate for federal workers amid a nationwide push to get more people protected. More gold in the Olympic pool. The Senate moves ahead on infrastructure. CBS News Correspondent Steve Kathan has today's World News Roundup.

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Headlines From The Times - Our biggest reservoir will save us! Wait, no

In Episode 4 of Drought Week, we focus on Lake Mead, created by the Hoover Dam and fed by the Colorado River. It’s the nation’s biggest reservoir, providing water to 25 million people in California, Nevada, Arizona and Mexico.

Lake Mead is projected to shrink this year to levels that would trigger the first-ever official shortage declaration in the region. That means Nevada, Arizona and Mexico would have to make do with less water. If the trend continues another year, California gets partially cut off too.

L.A. Times national correspondent Jaweed Kaleem visited Lake Mead and talked to cattle ranchers, fishermen and other stakeholders. What they had to say ain’t reassuring.

After that, track and field athlete Christina Clemons talks about her road to the Olympics and what it’s like to be a Black woman representing the United States.

More reading:

‘Unrecognizable.’ Lake Mead, a lifeline for water in Los Angeles and the West, tips toward crisis

Lake Mead drops to a record low amid drought

Apocalypse, cow — our growing drought and the great L.A. cattle escape

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Honestly with Bari Weiss - Bigger, Stronger, Faster: The Truth About Testosterone

Why are men the way they are? Are they naturally more aggressive? And is it fair for transwomen to compete in sports separated by sex? Is it possible to overcome our animal instincts?

And why has it gotten so hard to ask these questions out loud? To admit that there are any differences between men and women?

On today’s episode, a deep dive into these subjects and more with Carole Hooven, the author of “‘T: The Story of Testosterone, the Hormone that Dominates and Divides Us." The book was named one of the WSJ’s ten best.

Carole is an evolutionary biologist and lecturer at Harvard, where she focuses on behavioral endocrinology and sex differences. Here, she explains the science of T, the misinformation about sex, and the importance of telling the truth, even if it makes you unpopular.

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The Intelligence from The Economist - Good news, ad news: Facebook’s big bucks and bets

The social-media behemoth revealed huge profits and stressed even bigger plans: to become an e-commerce giant and a hub for digital creators, and to pioneer something called the “metaverse”. After a bruising election, Peru has an inexperienced new president; matching policy to his hard-left platform will be a dangerous game. And the publisher trying to bring ethnic diversity to romance novels.

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