So someone was talking about 5% and this was there recommendation but I don’t understand as far as what company you would deposit your Crypto in if you have it in a cold storage. Deposit your crypto with a company who wishes to utilize your asset. Take a fee for allowing the institution to use your crypto. Never sell your asset. Take loans against as it gains value if necessary . However be VERY careful not to touch the principal.

Have an amazing day 🎂

We live yet?👀

Are we having class today here in waiting room?

Here are the key highlights of the GENIUS Act, which the House passed on July 17, 2025, by a vote of 308–122, sending it to President Trump’s desk: 🏦 1. Stablecoin Issuance Framework - Establishes the first federal licensing system for banks, credit unions, fintechs, and other entities to issue U.S.-dollar-backed stablecoins. 💰 2. Reserve & Audit Requirements - Mandates a strict 1:1 reserve ratio—each issued stablecoin must be fully backed by U.S. dollars or similarly liquid, low-risk assets (like short-term Treasuries). - Requires regular audits and prohibits issuers from lending or trading against those reserves. 🔄 3. Consumer Protections & Transparency - Requires issuers to fully disclose redemption policies, timelines, and fees. - Bans misleading claims like “FDIC-backed” stablecoins. - Allows stablecoin holders priority in redemption during issuer bankruptcy. 🏛️ 4. Regulatory Oversight - Introduces a dual supervision model: both federal regulators (e.g. Commodity Futures Trading Commission) and state agencies will oversee compliance. 📉 5. No Interest by Issuers - Licensed issuers are barred from paying any form of interest on stablecoins. - But third-party platforms (e.g. crypto exchanges) may still offer “rewards” or yield. 🏦 6. Institutional Adoption - Encourages major banks (Bank of America, JP Morgan, Citi) and corporations (Walmart, Amazon) to launch stablecoins—reducing reliance on traditional card networks. ⚖️ 7. Crypto “Trifecta” Package - Passed alongside two sibling bills: CLARITY Act – Clarifies whether digital assets are classified as securities or commodities. Anti‑CBDC Surveillance State Act – Blocks the Fed from issuing a central bank digital currency. - ⚠️ 8. Criticisms - No FDIC insurance on stablecoins—leaves holders exposed. - Potential redemption delays or fees may reduce consumer protection. - Critics point to industry influence and conflicts of interest tied to Trump-affiliated ventures.