Ruling that the Ripple token is a security when sold to institutional investors, but not the general public added to optimism over Bitcoin ETF applications. The Bloomberg intelligence team writing that yesterday's court ruling in the SEC versus Ripple is a solid win for the crypto industry and assuming a firmance on appeal will limit the SEC's regulatory reach over the space.
Ken Leon, Global Director of Industry and Equity Research at CFRA and Bloomberg News Wall Street Reporter Sonali Basak discuss earnings results from JPMorgan, Citi and Wells Fargo. Bloomberg News Managing Editor for Crypto stacy-marie ishmael an Alex Adelman, CEO of Lolli, talk about the latest news from the crypto market. Kurt Ritter, VP & General Manager of Sustainability, North America at Coca-Cola discusses the company’s sustainability initiatives. And we Drive to the Close with Nancy Tengler, CIO at Laffer Tengler Investments.
Hosts: Carol Massar and Matt Miller. Producer: Paul Brennan.
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