Bitcoin Is About To Make Millionaires (Thanks To Stablecoins)

"Under this guidance, any bank with an OC charter... can custody or allow the deposits of crypto assets under their safe and sound banking standards."

"major custodians have already filed applications to be able to do this, which tells us bankbacked crypto custody is almost a guarantee at this point. It's not here yet, but it's coming."

"stable coins should be just as reliable as your checking account."

"once the bill is passed, the government will know exactly which rules apply to your favorite tokens."

"token launches will be much more clear and consumers will have more protection."

"This act calls for the US Treasury in combination with the Federal Reserve Bank to buy up to a million Bitcoin, which is roughly about 5% of its total supply."

"private citizens will always have the rights to buy, hold, and self-custody Bitcoin without government restriction."

"even if a fraction of the Bitcoin Act passes, like especially the one about being able to self custody without government intervention would be huge. And it would mean Bitcoin is here to stay again and be a part of the US economy."

"banks are free to provide banking services to uh crypto the crypto industry to crypto companies and bank banks are also free to conduct crypto activities as long as they do so in a way that is you know protective of safety and soundness."

"By the time your bank is ready to custody Bitcoin and they decide to call you about it, the price will have already gone to the moon."