This is in specific legal advice to anyone’s particular circumstances but I read this as simply differentiating between USD cash deposits that are held in custody fight LEAD Bank versus bitcoin that is held in the custody of river for which FDIC insurance does not apply. What I haven’t looked into recently is how river custodies the bitcoin because depending on the nature of how the assets are held would determine their disposition if there was a bankruptcy or something like that. I assume that information is available in their terms and condition somewhere in other words if it’s held in trust then their failure would not likely result in a loss of the bitcoin assets because it would not likely be subject to the claims of creditors but it gets complicated I would have to see what the terms of service say 

 Isnt* 

 Note to self do not write legal briefs with voice to text 

 Appreciate the insight. 
I shared River with my brother as a potential financial institution to use as opposed to 4% High Yield savings American Express, and he pointed this out. He is not orange pilled. 

 I haven’t looked into the bitcoin custody aspect because I don’t ever leave much on there myself. 

 We have built our own custody from the ground up and do not rely on third party custodians. We prove custody of the bitcoin monthly through our proof of reserves and liabilities. https://river.com/reserves