The IMF and California Chart Different Courses on Crypto

<p><em><span style="font-weight: 400;">This episode is sponsored by</span></em> <a href= "https://nexo.io/buy-crypto?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_may22"> <em><span style= "font-weight: 400;">Nexo.io</span></em></a><em><span style= "font-weight: 400;">,</span></em> <a href= "https://near.org/?utm_source=Breakdown%20Podcast&utm_medium=Podcast"> <em><span style="font-weight: 400;">NEAR</span></em></a> <em><span style="font-weight: 400;">and</span></em> <a href= "https://ftxusapp.onelink.me/LKX9/breakdown"><em><span style= "font-weight: 400;">FTX US</span></em></a><em><span style= "font-weight: 400;">.</span></em><span style= "font-weight: 400;"> </span></p> <p><span style="font-weight: 400;">One of the key themes in the bitcoin (</span><a href= "https://www.coindesk.com/price/bitcoin/"><span style= "font-weight: 400;">BTC</span></a><span style="font-weight: 400;">) and crypto industry in 2022 is engagement from governments and the key financial institutions of the existing monetary system. Today, NLW examines two different approaches to how to engage with crypto, both on display last week. On the one hand was the International Monetary Fund pressuring Argentina to discourage crypto as part of a $45 billion debt deal. On the other was California announcing an Executive Order to build a robust and (seemingly) invitational regulatory regime for Web 3. </span></p> <p> </p> <p><em><span style="font-weight: 400;">-</span></em></p> <p><a href= "https://nexo.io/buy-crypto?utm_source=coindesk&utm_medium=fixed&utm_campaign=coindesk_podcast_may22"> <strong><em>Nexo</em></strong></a> <em><span style= "font-weight: 400;">is a secure crypto exchange and crypto lending platform. Buy 40+ hot coins with your bank card in seconds and swap between exclusive pairs for cashback. Earn up to 17% interest on your idle crypto assets and borrow against them for instant liquidity. Simple and secure. Head over to</span></em> <a href= "https://nexo.io/buy-crypto?utm_source=coindesk&utm_medium=fixed&utm_camp