EddieJayonCrypto
23 May 23
The news just keeps on coming and some of it is going to have a serious impact, if they play out on their current course. Here is what is on my mind today.1. As if things for Ledger can't get any worse. With the news that just hit yesterday, I am wondering when the class action will come. The CEO is...
The news just keeps on coming and some of it is going to have a serious impact, if they play out on their current course. Here is what is on my mind today.1. As if things for Ledger can't get any worse. With the news that just hit yesterday, I am wondering when the class action will come. The CEO is on video saying that a government subpoena can, indeed, force them to give your private keys over. He tried to downplay it as something governments would not want to do outside of specific cases like illicit activities. However, in the United States the IRS forced Coinbase to hand over records of accounts with over $20K for a rolling 3 months. When I say I am done with Ledger, I mean done-done. 2. Coinbase is going on the offensive with a new TV ad campaign and the stock reflects the street's sentiments. Coinbase's stock popped 7% yesterday. The advocacy campaign. Brad Armstrong believe keeping crypto in the United States is a matter of national security and I definitely agree. Just when I thought some companies would jump ship and run Coinbase is proving they are not one of those companies. A report from ARK Invest says the United States' leadership role in the crypto industry is basically hanging by a thread. 3. There is a lot of swirl going around that China is planning something big in the crypto world. Rumor has it that China is planning on opening up Hong Kong even more as a crypto hum, even to mainland institutions. Supposedly the timing is set for June 1st. Although this is just hearsay, there is enough evidence that something is brewing. Afterall, Hong Kong has been growing as a crypto hub and that is not going to happen without a nod from mainland. Not to mention the rapid pace at which the digital yuan is being implemented. 4. OKX is about to expand into France. They have filed to become a Digital Asset Service provider. To kick off properly, they are also looking to hire as many as 100 staffers. They are not the first nor will they be the last. As a region, Europe is showing strong signs of becoming a strong crypto hub. 5. I spoke yesterday about Ripple and the emails that are about to be made public. Well, the date has been set and I think it is going to be a profound moment. June 13th could have long-reaching, profound effects across the crypto industry, but also everything the SEC touches.