Brian Armstrong

And so that's why they have such high regulatory burden, because there can be a run on the bank.

Like your money is not all there.

In a crypto world, there's a 100% reserve.

So all your money is there.

It eliminates this entire category of risk around a bank run.

No such thing is possible if there's 100% of the money there.

And so we don't need a bank license.

We're regulated by the SEC, the CFTC.

You know, we have a national trust charter.

Like, there's different entities, and stablecoin issuers can operate under these models as well.

And so we've kind of said, you know, we don't need a bank license.

That's what currently already exists in the law.

The Genius Act even enshrined that further.

And so there has to be some other solution here.

How do we flip the banks from thinking of this as a threat to an opportunity where we can all go win?

Well, there's always short-term fluctuations in crypto, but I think, you know, if you look over the last two years, Bitcoin's up like 100%.

Pretty great outcome for anybody who invested.

You know, I've said publicly I think that Bitcoin could hit a million dollars by 2030.

I still think that's true.

So whatever happens in any given week or month, you know, we try not to track it too much.