Kamilah Stevenson, the host of a wealth-focused YouTube show, is pushing back against the idea that custody is just about keeping coins safe from hacks. Instead, she argues that custody has quietly become “the difference between being able to act when conditions change and being forced to sit still while the rules move around.” In calm markets it looks like a back-office detail; in tightening, more regulated markets, it becomes a hard constraint that decides who can actually move. From “Where Is It Parked?” To “What Can It Do Under Stress?” The central claim is blunt: investors obsess over
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