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The Fight for Crypto’s Future | Caitlin Long on Blockchain & Regulation
Sep 13, 2024
Caitlin Long, Founder and CEO of Custodia Bank, dives into the challenges facing the crypto industry amid regulatory battles. She discusses her transformation from Wall Street to blockchain advocacy and the pivotal changes in Wyoming aimed at fostering innovation. Long argues for Bitcoin's role as 'hard money' in a transforming economy and emphasizes the need for balanced regulatory frameworks. She also tackles misconceptions about blockchain and highlights how Bitcoin can facilitate AI advancements, while advising small businesses on adopting crypto payments.
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Quick takeaways
- Caitlin Long advocates for innovative regulatory frameworks that promote financial innovation while ensuring consumer protection in the U.S. crypto landscape.
- The podcast highlights how blockchain technology enhances transparency, trust, and efficiency in financial transactions compared to traditional systems.
Deep dives
The Intersection of Data and Money
The podcast explores the fundamental disconnect between the speed of data transactions and the slower processing of financial transactions. It highlights that while data can move at the speed of light, traditional money—previously represented by gold—was limited by physical constraints, causing delays in transactions. This discrepancy has resulted in a convoluted financial system filled with layers of intermediaries and settlement processes. The discussion suggests that new technology has the potential to eliminate these inefficiencies, allowing for financial transactions to occur at the same speed as data transmission.
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