Past couple days in crypto have been extremely bullish so here’s your breakdown… 📜

• SEC officially ends investigation into stablecoin issuer Paxos, declares $BUSD is not a security.

• JPMorgan says crypto market will rebound in August.

• US inflation falls to 3%, lower than expectations.

• Goldman Sachs is launching three tokenization projects this year.

• CFTC Chairman says 70-80% of cryptocurrencies are non-securities & rules #Bitcoin & $ETH are commodities.

Regardless of the price impact (minimal) these stories have had, they’re overall 100% net positive because..

1. Proves the SEC is getting weaker and will continue dropping their baseless lawsuits over the next few months as we get closer to elections.

2. More financial institutions are moving towards tokenisation globally and this reaffirms my thesis that the RWA narrative will absolutely print.

3. ETH officially classed as a commodity makes it far more likely we will see the Ethereum ETF trading sooner rather than later.

Hope you all enjoyed this my people 👨‍🍳