Is Custodia a ‘Sacrificial Lamb’ to the Fed’s War on Crypto Banking?
The Breakdown
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Custodia Bank's Lawsuit Against the Federal Reserve Board of Governors and the Kansas City Federal Reserve Bank
I handed over evidence to law enforcement of probable crimes committed by a big crypto fraud, starting months before that company imploded and stuck its millions of customers with losses. I warned bank regulators of mounting bank run risk inside banks serving the crypto industry before the bank runs ultimately hit. How many correctly foresaw the crypto lender implosion, warned regulators of impending bank runs, and tried to help law enforcement stop a big fraud? And in return, what happened to custodia bank? Castodia tried to become federally regulated the very result bipartisan policymakers claim to want. Yet, custodia has been denied and now disparaged for daring to come through the front door. It is not partisan to clean up
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