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Government Frustration and Economic Impact
The chapter discusses frustration and economic impact caused by delays in decision-making and inconsistent treatment by government lobbying and big Wall Street banks. It highlights various issues such as political influence, legal compliance, innovation stifling, economic implications, and regulatory clarity.
Join us in this insightful episode where Caitlin Long of Custodia Bank and Wes Knobel delve into the innovative non-fractional reserve system, the challenges faced with the Federal Reserve, and the dynamic world of cryptocurrency banking. They discuss Custodia's unique approach, its role in the post-Silicon Valley bank crisis landscape, and the evolving challenges and opportunities in cryptocurrency custodianship. This conversation offers a deep dive into the intersection of traditional banking, regulatory environments, and the growing influence of digital assets.
IN THIS EPISODE YOU’LL LEARN:
00:00 - Intro
02:34 - How Custodia Bank is redefining traditional banking practices.
02:34 - The significance of Custodia's approach to customer deposits.
12:47 - Insights into the Federal Reserve's decision-making process.
22:19 - The implications of non-participation in fractional reserve banking.
22:19 - The importance of state laws in protecting digital assets.
28:21 - Wes Knobel's perspective on financial innovation and regulation.
38:31 - Caitlin Long's expertise in banking risks and legacy systems.
47:58 - The potential government intervention in cryptocurrency holdings.
47:58 - Predictions for the future of banking in the era of digital currencies.
01:00:37 - The recent SEC approval of Bitcoin ETFs and its impact.
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