Hey, Coffee & Crypto readers!

Whether you’ve been a part of this community since the beginning or this is one of your first newsletters, you’re all about to be on board for a big Coffee & Crypto first.

We’re partnering with Trezor Wallets in our first giveaway!

To participate, all you have to do is refer a friend to Coffee & Crypto and you’ll be automatically entered for a chance to win one of five Trezor Model One Cold Wallets!

This is a win-win. You get to spread the good word of Coffee & Crypto while potentially winning a top-of-the-line cold wallet.

We wish we were you. They won’t let staff enter the raffle.

Espresso Shots

☕️ Gensler Reeling From Ripple 🌊 🤬

SEC chairman Gary Gensler expressed that he was “disappointed” with the Ripple ruling in his remarks at the National Press Club Headliners Luncheon.

Gensler was of course referring to a recent ruling where a a federal judge ruled that Ripple’s XRP token does not constitute an unregistered security.

Gensler went on to say that the SEC is considering a legal appeal to this ruling.

It wasn’t all bad for Gensler though, he remarked that he was “pleased” that the judge deemed one element of Ripple's contracts as unregistered securities.

Namely, the judge ruled that Ripple’s institutional XRP token contracts do qualify as the sale of unregistered securities.

After Gensler’s speech ended, he pulled aside one of the luncheon’s caterers to express his fury that some of the cucumber sandwiches still had crusts.

☕️ Coinbase goes to Washington 🏦 🇺🇸

Coinbase CEO Brian Armstrong will meet with Democratic members of Congress to discuss a path toward digital asset regulation.

This private meeting comes amid an SEC lawsuit against Coinbase, charging the exchange for selling unregistered securities and operating without registering with the SEC.

Though, as Brian Armstrong has publicly stated, the road to SEC registration has never been clear.

Hopefully, Armstrong will be able to make some inroads with the Democrats. The meeting will reportedly cover not only future regulation but national security implications, user privacy, and the exchange’s potential climate impact.

If Armstrong can’t make the Dems see reason, we assume he has a folder of kompromat on other crypto CEOs to buy himself immunity.

☕️ Bitcoin Drops as XRP and Altcoins Surge 📉 🚀

Bitcoin has fallen below the $30,000 price point, a precipitous drop amid a rising crypto market thanks to the Ripple ruling.

And that decision has sent XRP, as well as altcoins such as FLEX, CoinFLEX’s native token, trending upwards in the past week.

XRP is up roughly 60% since the ruling. FLEX has bumped 37%. Altcoin season looks to be in full swing as Bitcoin’s summer surge has cooled off.

As XRP celebrates its lofty rise, a humbled Bitcoin urges the token to “act like it’s been there.”

Spilling the Beans

The Only Real Hacker Repellant 🔐 👀

Vampires hate garlic. Sharks hate being punched in the nose. And the Catholic Church hates the Boston Globe.

For every one of man’s predators, we’ve developed an equal and opposite repellant. An amulet to clutch close and ward off the looming evil.

And when it comes to crypto hackers, there’s really only one solution.

Hackers feed off of clumsy mistakes, usually due to malicious links and hot wallets connected to the internet.

Which means the only way to keep your assets safe is with a cold wallet.

If you haven’t noticed, we here at Coffee & Crypto are awfully fond of the Trezor Wallet.

We believe it’s the best cold wallet on the market, and we’d say that even if we weren’t partnering with them!

But for those crypto neophytes out there, what exactly is a cold wallet?

Well, a cold wallet is a physical device used to store your crypto. In the primarily digital, intangible world of crypto, this is one physical asset you’ll really want to hold on to.

A cold wallet is “cold” because it stores your crypto keys offline. This means that your crypto is as safe as it could possibly be.

While the actual value of your assets will fluctuate with the rest of the market, the assets in your wallet can only be moved with the physical device in hand.

Crypto is complicated. We know. That’s why we created an entire newsletter dedicated to unpacking and analyzing it.

But storing your crypto and keeping it safe shouldn’t have to be difficult.

And yes, your average hot wallet could be vulnerable to hacks and user error.

So, many have chosen to cut the wallet out entirely and store their assets directly on the exchange…

Well, if history is anything to go by, those exchanges could prove to be be even dicier than self-storage.

You don’t want your funds handled by the next FTX or Celsius or Gemini Earn or… Binance.US.

If you’re serious about crypto and your crypto’s security, there’s simply no better tool to have in your arsenal.

And if you’re worried about the price of buying new tech, these wallets won’t break the bank.

Trezor offers its Model T and Model One wallets for around $200 and $75, respectively.

And when it comes to ensuring that your hard-earned crypto is secure, this isn’t an area you want to skimp on.

Like buying a comfortable mattress or a pair of shoes with arch support, some purchases are integral to having a good life.

But as we mentioned, what if you had the opportunity to snag one of the best cold wallets the market has to offer, absolutely free?

All you had to do is refer a friend (or enemy) to Coffee & Crypto and you’ll immediately be entered into our cold wallet giveaway.

We want to grow as a newsletter. You want a free cold wallet. This is mutually beneficial!

We’re just two chimpanzees, sitting on a branch, combing fleas and parasites out of each other’s hair.

We’re getting clean and we’re bonding as a tribe.

It’s one of the most beautiful circumstances in the animal kingdom that sometimes grooming and snacking can be the same thing.

But if you’re one of our lucky readers that wins a Trezor Wallet. Please, don’t try to eat it.

Meme of the Day

“Crypto Together Strong” ~A Bored Ape mourning the loss of his floor price.

Crypto 101

Secure Element Chip: This is the keystone of a cold wallet.

The Secure Element Chip keeps your private key… private. You can sign digital transactions completely offline and keep your crypto safe.

Secure Element Chips are also found in security cards and the passports of most major countries. This is peak security tech and the ultimate countermeasure against hackers.

The Last Sip

We get why they’re called “cold wallets,” it’s crypto cold storage, offline. But we are who we are, we couldn’t resist coming up with some alternative names

1. Bitcoin Bags

2. Crypto Cubbies

3. Ice Purses

Stay Caffeinated,

Coffee & Crypto Team

That's all for today! If this email got you hooked on our unhinged crypto takes, be sure to get a full dose on Twitter @GetCoffeeCrypto.

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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.