This episode is sponsored by NYDIG.

On this edition of “The Breakdown’s Weekly Recap,” NLW looks at:

Hidden crypto tax provision 6050I
Chilling language from British lawmakers around using CBDCs to control citizens’ spending
The Compound political gaffe

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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 “Tidal Wave” by BRASKO. Image credit: Overearth/iStock/Getty Images Plus, modified by CoinDesk.

This Overlooked Crypto Tax Provision Would Be a Disaster