Digital Asset Policy & Regulation - Senator Lummis played a central role in shaping digital asset policy in the United States [1] - Wyoming took a technically informed approach to digital asset policy early on, clarifying property rights and treating custody, settlement, and ownership as core infrastructure [2] - Wyoming was the first to recognize digital assets as property and provide legal clarity around settlement finality, modern custody, staking, and on-chain activity [3] - The industry believes innovation requires clarity, and markets function best when rules align with technical reality [4] - The industry emphasizes the importance of neutral and durable frameworks that preserve self-custody, respect composability, and allow systems to interoperate [4] - The industry believes policy should protect ownership, clarify responsibility, and allow open systems to compete on their merits, rather than picking winners [6] Market & Innovation - The industry recognizes the importance of all networks, from major protocols like $BTC and $ETH to emerging systems, experimental networks, and tokenized representations of real-world activity [5] - Permissionless innovation emerges unevenly, and policy should not try to pick winners in advance [6] - Wyoming created space for various digital asset innovations without prescribing which networks should succeed [7] US Competitiveness - The industry believes clear and coherent federal frameworks are crucial to prevent innovation fragmentation, builder migration, capital relocation, and the United States falling behind in digital asset markets [10] - Senator Lummis' advocacy is focused on competitiveness, resilience, and ensuring the United States remains a place where open systems can be built and operated responsibly [8]

circle getting occ bank charter approval means they can custody crypto as a federal bank. coinbase gemini and kraken still operating on state money transmitter licenses. $74b usdc supply about to come with federal reserve access and direct lending capabilities. coinbase trades at $60b market cap running the exact same custody business without banking powers ...

SEC releases crypto wallet and custody investor guide, outlining best practices and key risks across different custody models. The bulletin compares self-custody with third-party custody and warns investors to assess whether custodians rehypothecate assets or commingle client funds. The SEC also notes that hot wallets face hacking and cybersecurity risks, while cold wallets carry the risk of permanent loss due to device failure, theft, or compromised private keys.https://t.co/gCXdOACPgi ...

RT BSCN (@BSCNews)🔍 @BINANCE NOW OPERATES UNDER A THREE-ENTITY MODEL IN ABU DHABI!Exchange, clearing, custody, and OTC — all separated, all supervised. Why this matters 👇https://t.co/7Znw7mRVXF ...

🔍 @BINANCE NOW OPERATES UNDER A THREE-ENTITY MODEL IN ABU DHABI!Exchange, clearing, custody, and OTC — all separated, all supervised. Why this matters 👇https://t.co/7Znw7mRVXF ...

Bitcoin Network Integrity - The Bitcoin network faces a battle between custody and self-custody, where individuals holding their own keys and running nodes are crucial for preserving its integrity [1] - Centralized custodial structures, exemplified by entities like BlackRock and $MSTR, concentrate Bitcoin, potentially leading to the creation of paper Bitcoin and price manipulation [1] - Self-custody offers users the ability to opt out of traditional banking systems, providing protection from confiscation, censorship, and systemic risks associated with centralized finance [2] - Individual choices regarding Bitcoin ownership impact the network's integrity, either strengthening it or enabling institutions to build paper claims on top of it [2] User Awareness - Many individuals are unaware of the implications of their choices within the Bitcoin network [3]

Security Risks in Cryptocurrency - Industry emphasizes "not your keys, not your coins" principle, but validators can collude against users on 99% of chains [1] - 99% of coins can be frozen [1] - Coins can be traced if ownership is known [1]

Bitcoin Holdings & Custody - Strategy has been diversifying custodians away from Coinbase [1] - Strategy has moved 58,390 Bitcoin (approximately $51 billion) to Fidelity Custody over the past 2 months [1] - Fidelity Custody uses an omnibus system, mixing clients' assets, including some of Strategy's BTC [1] Tracking & Total Holdings - Arkham tracks approximately 92% of Strategy's Bitcoin, including BTC deposited to Fidelity Custody [2] - In total, Strategy holds 641,692 BTC (approximately $5614 billion) [2] - 165,709 BTC (approximately $1450 billion) has been sent to Fidelity Custody [2]

Partnerships - VerifiedX 使用 FalconX 的托管和场外交易 (OTC) 服务 [1] Assets Under Management - VerifiedX 支持 15 亿美元的资产 [1]

Crypto Asset Movement - Amber Group-linked wallet accumulated 141 million $UNI ($11 million) in 3 days [1] - 139 million $UNI ($1098 million) deposited into Coinbase Prime, likely for custody [1]