Digital Asset Adoption - Tether has facilitated the transfer of over 160 billion USDT to over 500 million users globally [1] - The company believes it can increase tenfold, potentially reaching 1600 billion USDT, following the United States' embrace of digital assets [1] - The company aims to solidify the dollar's global dominance through digital asset adoption [1] Regulatory & Political Landscape - The company expresses gratitude for the support of President Trump and the Genius Act, viewing it as an embrace of digital assets by the United States [1]

Hey Leslie. Well, yes, certainly a big day for the crypto industry, a big win for President Trump as well as a number of Republicans. And you heard him during that speech really talk about the contrast between the Trump administration and the Biden administration when it comes to crypto and trying to deliver what the industry wants there.Interestingly enough though, a lot of these companies, Coinbase, Ripple, Andre Horowitz, they've all actually donated to a pack that has been pretty bipartisan. And that pa ...

@Jason Saylor and I review his digital assets framework, starting with Bitcoin.For the full episode with @saylor:📺YouTube: https://t.co/ZtQESG2aWB🔊 Spotify: https://t.co/FbgFSuG37W🍎Apple: https://t.co/hmPIyPCdej https://t.co/piGC5aAxo7 ...

Crypto Regulation - US House approved sweeping crypto bills [1] - Bills could define the future of digital assets in the US [1]

"I want to be sitting at the heart of crypto": Cantor's new CEO Brandon Lutnick is pushing his family firm to go all-in on digital assets https://t.co/Ec0VVLZ2yu ...

"I want to be sitting at the heart of crypto": Cantor's new CEO Brandon Lutnick is pushing his family firm to go all-in on digital assets https://t.co/TVIHK0jOJf ...

RT BSCN (@BSCNews)🤯 GAME-CHANGER FOR CRYPTO REGULATION?The House approved sweeping crypto bills that could define the future of digital assets in the US. Full breakdown inside ⬇️https://t.co/FBxDaVJWpe ...

RT Jay ($/acc) (@jayendra_jog)Proud to see the US take a major step forward with the GENIUS and CLARITY acts being passed by the House.When we met with @RepBryanSteil last month to discuss crypto policy, these regulatory frameworks were core to our discussions. Thoughtful regulation fosters innovation.As Bryan said on the floor this week, "ensuring the United States leads the web3 revolution isn't a partisan issue, it's an American issue."Today, we take a leap forward toward CLARITY.Congrats to Rep. Steil, ...

Financial Data and Key Metrics Changes - Commission revenue increased by 27% year-over-year, reaching a record $516 million [5][16] - Net interest income also set a record at $860 million, up 9% from the previous year [24][25] - Pre-tax income exceeded $1 billion for the third consecutive quarter, with a pre-tax profit margin of 75% [10][21] Business Line Data and Key Metrics Changes - Client trading volumes expanded significantly, with options and futures setting new quarterly volume records [16] - Overnight trading volumes grew over 170% year-over-year, indicating strong demand for after-hours trading [8][9] - Client credit balances rose by 34% to a record $144 billion, reflecting increased cash deposits [9][22] Market Data and Key Metrics Changes - Total customer DARTs (Daily Average Revenue Trades) increased by 49% year-over-year, reaching 3.6 million trades per day [23] - Stock share volumes rose by 31%, while options and futures contract volumes increased by 24% and 18% respectively [23] Company Strategy and Development Direction - The company is focusing on automating brokerage operations and enhancing its platform to handle increased trading volumes [10][11] - New product introductions include investment themes and forecast contracts, aimed at improving client engagement and investment decision-making [12][13] - The company is exploring opportunities in the digital asset space, including partnerships and new offerings for cryptocurrencies [37][39] Management's Comments on Operating Environment and Future Outlook - Management noted that the market experienced significant volatility, leading to increased trading activity and client engagement [4][5] - The company remains optimistic about long-term trends towards global investing and the demand for U.S. market access from international clients [14][15] - Management expressed confidence in the brokerage industry's favorable environment, anticipating continued growth in retail trading activity [80] Other Important Information - The company completed a four-for-one stock split and increased its dividend from $1 to $1.28 annually [14][23] - Total assets grew by 33% year-over-year, driven by higher segregated cash balances and margin lending [22] Q&A Session Summary Question: Clarification on account growth expectations - Management projected lower account growth than actual results, indicating a strong performance in net new accounts [35] Question: Impact of digital asset initiatives - The company is enhancing its digital asset offerings and exploring partnerships to better serve client needs in the crypto space [37][39] Question: Perspectives on tokenized equity products - Management contrasted their offerings with competitors, emphasizing the advantages of direct ownership of stocks over tokenized derivatives [44][45] Question: Execution cost differences in overnight trading - Execution costs for stocks differ significantly between overnight and regular trading hours, with the company leveraging its ATS for competitive pricing [50][51] Question: Drivers of client credit balance growth - The increase in client credit balances was attributed to strong new cash deposits and a risk-off environment leading to higher cash holdings [69][70] Question: Future of zero DTE options - Management acknowledged the popularity of zero DTE options and discussed the complexities of offering them for single stocks [73][74]

🇺🇸 NEW: Rep. Dusty Johnson says the new bipartisan crypto legislation is a “watershed victory” that will launch a golden age of digital assets and blockchain innovation. https://t.co/XRaat93Tuo ...