

Ep. 2579 Is the War on Bitcoin Subsiding? with Cailtin Long
Dec 7, 2024
Caitlin Long, CEO of Custodia Bank and former Wall Street managing director, dives into the intense scrutiny that banks face when dealing with the crypto sector. She highlights the regulatory pressure aimed at discouraging banks from supporting digital assets. Discussion includes Custodia's struggles with federal approval amid political pushback and the implications of Bitcoin in modern finance. Long emphasizes the vital need for banking reforms and shares her journey from skepticism to becoming a Bitcoin advocate, encouraging others to explore its potential.
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Regulatory Targeting of Crypto-Friendly Banks
- Multiple banks serving the crypto industry faced regulatory actions.
- Caitlin Long's Custodia Bank, a 100% reserve bank, was also targeted.
Operation Choke Point 2.0
- Banks weren't formally accused but targeted for crypto dealings.
- This mirrors "Operation Choke Point," targeting politically disfavored industries.
Custodia Bank's Role
- Custodia Bank is a non-lending, 100% reserve bank serving the digital asset industry.
- It aims to bridge traditional finance and crypto, addressing settlement speed differences.