There’s something big coming to crypto…

And it’s going to have an incredible impact on coins across the space.

Maybe some that you already have in your wallet.

And how do I know this?

Because I’ve studied the writing on the wall. I’ve been in crypto since the very beginning.

Hi, I’m Jordan Fried, the man behind Coffee&Crypto.

If you’d like to know how I learned to anticipate crypto’s biggest gains and windfalls so that I always came out on top…

But back to the newsletter.

Espresso Shots

☕️ U.S. Chamber of Commerce Supports Coinbase 🏛 👍

The U.S. Chamber of Commerce has sided with Coinbase against the SEC in the ongoing legal battle between the exchange and the regulatory body.

The U.S. Chamber of Commerce, which is the largest lobbying group in the United States and made up of companies like PespsiCo, Uber, Facebook, and Google, voiced their protest in an official filing.

The filing stated that, “The Chamber’s members have a strong interest in regulatory clarity, and many of its members are companies subject to US securities laws that may be adversely added by the Securities and Exchange Commission’s current approach to digital assets.”

In short, this crypto legislation is so unclear and inconsistent that it’s only a matter of time before the SEC starts hurting American classics like Coca-Cola and GE.

In fact, it’s kind of beautiful to watch Coke and Pepsi put aside their differences to fight a common enemy: regulation.

☕️ Elon Musk, Milady 👩‍🚀 💃

In keeping with his long established tradition of pumping memes and eccentric behavior, Elon Musk tweeted this:

And naturally the value of the relevant NFT collection, Milady, skyrocketed.

All of the Milady NFTs look like this, like porcelain anime dolls with big sparkly eyes. They’re undeniably creepy but after Musk’s tweet, their price went up 57%, from $6,920 in ETH to about $9,700.

The Milady NFTs took a serious nose dive in value last May when it was revealed that the collection’s creator, Charlotte Fang, confessed that she was forming an online cult and promoting race science as pseudonymous troll, “Miya,” on 4chan.

But Elon Musk either doesn’t know that or doesn’t care.

And that’s just another wild, wacky day on Musk’s Twitter, but we can all sleep a little better tonight knowing he loves us.

☕️ Drive-thru AI? 🚗 🤖

Fast food chain Wendy’s has announced plans to implement their new chatbot, “Wendy’s FreshAI” in drive-thru's nationwide.

Wendy’s CEO Todd Penegor is thrilled about the prospect, claiming the drive-thru chatbot, “will be very conversational… You won’t know you’re talking to anybody but an employee.”

This tech has already drawn criticism for replacing teenage and low-skilled workers at the drive-thru, but some feel this just may be the first-step into widespread AI implementation making human beings redundant.

Todd Penegor assures the critics that they won’t even notice. 

Much like its human predecessors, the AI will even speak too close to the microphone and completely forget any special instructions or sauce packet requests.

Spilling the Beans

This Could Send Crypto 1000% Up 📈 😱

There’s something big coming for crypto and it’s been heading our way for years.

The winds of change are blowing and they’re blowing hard.

What we’re talking about, is the institutionalization of crypto.

No, we’re not going to strap Bitcoin in a straight jacket and throw the coin in a padded room.

Not that kind of institutionalization.

No, what we’re discussing is that many of the world’s largest, most reputable institutions are starting to take crypto more seriously.

Speaking at the Digital Assets Week Conference in San Francisco, Elliot Han, a member of Cantor Fitzgerald, a venture capital firm, spoke on what he feels is a growing maturity both in crypto, and in the larger institutions considering adopting the tech.

“There’s a lot of excitement in this space right now,” said Han. “There are a lot of companies here that are looking at it from many different perspectives and angles. That’s what we’re trying to learn from and understand more, is what are these other use cases that aren’t necessarily obvious.”

And when Han discusses “use cases,” he means the tokenization of real world assets.

This is a trend that many, major companies are already wrapping their heads around. 

We’re already seeing concert tickets treated as digital assets, as well as sneakers, cars, and even houses.

And while we've been insisting that crypto is the future for years, it seems that the largest institutions are finally taking notice and for the right reasons.

That makes a big difference. In his speech at the Digital Assets Conference, Han mentioned that the reasons that individuals and companies are drawn to crypto now are very different from the motives in, say, 2021.

“Back then it was more of a frenzy, there was all this crypto, blockchain hype and euphoria,” said Han. “And quite frankly, people weren’t looking at it from a use-case perspective, they were just looking at it and asking how can I make the most money?”

Crypto’s volatility has, over the years, been simultaneously its greatest draw and its greatest detriment.

You can stand to make a great deal of money in very little time, but you could also get totally washed out just as fast.

But that volatility may not be long for this world.

As larger companies and more “reputable” institutions enter the space and crypto is flooded with money, we’re most likely going to see incredible rises in the prices of cryptocurrencies large and small.

And as we suggested earlier, this development could send the price of your favorite crypto up 1,000%, but honestly, that’s a paltry gain when you consider what the legitimization of crypto would mean for the space.

1,000% is modest. We’re even talking in the 2,000% or 3,000% territory once JP MorganChase and Goldman Sachs decide after seven years of experimenting that they’re finally “all in” on crypto.

Critics have long called crypto the “Wild West,” but it looks like the West is going to be settled.

Don’t you want to secure your oil well or pan for gold before the telegram wires show up, train tracks roll in, and all of this just becomes Reno?

Meme of the Day

Who are we kidding.. He absolutely was that kid.

Crypto 101

Chamber of Commerce: Despite having “U.S.” in the title, this is not a government agency, the U.S. Chamber of Commerce is a nonprofit membership organization and the largest lobbying group in the United States.And though the group itself is nonprofit, the members make a lot of profit.

The U.S. Chamber of Commerce boasts notable members such as Google, Uber, Facebook, etc., but also includes small businesses.

The U.S. Chamber of Commerce represents roughly 3 million businesses.

The Last Sip

In addition to drive-thru AI, Wendy’s intends to roll out:

• Facial scanner soda machines to tally the amount of customers’ refills.

• Nitrogen-infused Chocolate and Vanilla Frosties so cold they can freeze off warts.

• The Baconator. But it’s not a cheeseburger, it’s what you thought the first time you heard, “Baconator.” A killer robot made from bacon. Come with us if you want to live.

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.