COVID-19 sent the money printer into overdrive. With the newly signed $1.9 trillion stimulus bill, the total spent on pandemic relief in the U.S. exceeds $6 trillion, more than WWII’s inflation-adjusted $4.1 trillion.

In this episode, NLW explores what the possible implications of this spending are for bitcoin, including:

Whether we’re likely to see if some of the $400 billion allocated for direct checks to citizens find its way into bitcoin
Whether the $1.9 trillion is just the start of a larger set of Biden Administration initiatives that will redefine our relationship with the balance sheet

NLW also does a quick regulatory roundup looking at:

The CFTC investigating Binance
U.S. Rep. Warren Davidson reintroducing the “Token Taxonomy Act”
The introduction of the “Eliminate Barriers to Innovation Act”

-- Earn up to 12% APY on Bitcoin, Ethereum, USD, EUR, GBP, Stablecoins & more. Get started at nexo.io -- Enjoying this content? SUBSCRIBE to the Podcast Apple: https://podcasts.apple.com/podcast/id1438693620?at=1000lSDb Spotify: https://open.spotify.com/show/538vuul1PuorUDwgkC8JWF?si=ddSvD-HST2e_E7wgxcjtfQ Google: https://podcasts.google.com/feed/aHR0cHM6Ly9ubHdjcnlwdG8ubGlic3luLmNvbS9yc3M= Follow on Twitter: NLW: https://twitter.com/nlw Breakdown: https://twitter.com/BreakdownNLW The Breakdown is produced and distributed by CoinDesk.com

Dr. Jackie Walters & Kristin Chenoweth - 10/28/18