Captains Log June 12th, 2023

Rocky shores ahead folks. The SEC sued Coinbase last week. One of their complaints is that ADA is considered a security due to the lack of utility. All things equal, ETH was not named. The price has gone down from .33 to .23.

We look to buy the dip. From a technology perspective nothing has changed. It’s up to coinbase to figure it out. They didn’t sue IOHK directly or target SPOs. It’s the way Coinbase brought the product to market.

This blockchain has a $9.5 Billion market cap. It’s stable enough that the SEC won’t stop them. Carry on and buy the dip.