GM Brew Crew, as it's Friday, you know it's about time to start crafting Monday's stories. But before you do, grab this fresh cup of knowledge we have for you below. ⬇️

On the menu today:

• U.S. Chamber of Commerce Backing Coinbase in Lawsuit Battle 💙

• MetaMask Enables ETH Purchases via PayPal 💰

• Binance.US Seeking New Reputation 📈

Today’s Charts:

U.S. Chamber of Commerce Backing Coinbase in Lawsuit Battle 💙

One of the most powerful business organizations around the globe is supporting Coinbase in their lawsuit against the SEC.

• Coinbase took the SEC to court in April amidst the growing tensions of crypto businesses being pushed overseas. The Chamber of Commerce took a stance and expressed support for Coinbase in their lawsuit against the SEC.

• The Chamber stated, “The SEC’s actions are not just harmful; they are unlawful; and the consequences of the SEC’s continued delay are severe for that reason too,” in regards to the SEC failing to establish clear rules and guidelines for crypto companies. 🤯

• Why does this matter? Well, if you aren’t familiar with the crypto world, getting support from one of the most influential business organizations in the world is a big deal. The crypto industry is in need of guardrails in order to prepare for mass adoption, and these powerful organizations will be responsible for setting the stage.

• ⬇️Check out this thread below for more details.

MetaMask Enables ETH Purchases via Paypal 💰

MetaMask is the first web3 wallet to enable ETH purchases via PayPal, with support for ETH transfer from PayPal to MetaMask to encourage self-custody.

• PayPal's collab with MetaMask adds it to the extensive network of payment providers that have integrated with MetaMask, including major players like MoonPay, Coinbase Pay, and many more.

• Reports indicate in December 2022, PayPal collaborated with ConsenSys, MetaMask's parent company, to facilitate cryptocurrency purchases and enable exploration of the broader web3 ecosystem for its users.

• MetaMask's integration with PayPal was announced only a few weeks after the introduction of a new feature enabling users to buy cryptocurrency using fiat currency directly from its Portfolio dApp.😎

Binance.US Seeking New Reputation 📈

Binance and CEO/founder Changpeng Zhao (CZ) are strategizing to “look better” in the eyes of U.S. regulators.

• Binance.US, a U.S. based crypto exchange, is exploring ways to reduce the dominance of its parent company, Binance, in the U.S. market. Binance holds over 70% of the trading volume in the U.S. crypto market through its U.S.-based subsidiary.

• U.S. regulatory authorities and CZ have a rocky relationship as the U.S. Commodity Futures Trading Commission sued the crypto exchange in March.

• Binance establishing a good relationship with U.S. authorities is a step in the right direction but clear rules/regulations need to be put in place or else the U.S. will fall behind quickly.

Special Blend: Morning Meme Roast

As the CryptoBrew Daily comes to a close, we invite you to join us on Twitter for more crypto chat. Think of it as a chill gathering of like-minded folks, minus Chad talking about his 1-rep deadlift max and your tipsy uncle who always shares TMI stories. Let’s keep the crypto conversation going!

***DISCLAIMER: Please note that the information provided in this newsletter is for educational purposes only and is not intended to be construed as financial advice or a solicitation to buy or sell any assets. We urge you to exercise caution and conduct your own research before making any financial decisions.