BREAKDOWN: Governments vs. Networks – The Battle for the Soul of Finance

Governments have significant discretion over economics and finance today, but decentralized network-driven alternatives threaten that control.

This episode is sponsored by Crypto.com, Bitstamp and Nexo.io.

Today on the Brief:

• Kraken is the first crypto exchange to become a U.S. bank
• FTC preparing antitrust lawsuit against Facebook
• Gold-standard fan Judy Shelton doesn’t have the votes to be confirmed as Federal Reserve governor

Our main discussion: The battle for the soul of finance.

In this episode, NLW looks at the power competition between governments on the one hand and the decentralized network-driven finance alternatives that would reshape that power. Interestingly, in this competition corporations may play a role that benefits both sides at different times and in different ways.