Tell me the essential protections everyday people need against crypto risks.
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As an entrepreneur, I wonder: if big banks are jumping into crypto just to make more money, what protections do everyday people like me have? With crypto’s history of sharp crashes and wild price swings, are we simply setting up regular families to lose their savings while big institutions play it safe?
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Your skepticism is smart. The GENIUS Act now makes it mandatory for banks to keep your crypto separate from their money, and regulated stablecoins now need to have monthly audits. Since the FDIC won’t protect your crypto, you should use hardware wallets and 2FA. You should stay cautious with the new $2,000 Bitcoin margins—layered personal safeguards are your best defense.