We Study Billionaires - The Investor’s Podcast Network BTC166: Bitcoin Custody For Institutions w/ Caitlin Long and Wes Knobel (Bitcoin Podcast)
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Jan 24, 2024 
Caitlin Long, Founder and CEO of Custodia Bank, and Wes Knobel, VP of Bitcoin Custody at Custodia, share their expertise on digital asset custody. They dive into Custodia's innovative non-fractional reserve banking model, addressing challenges faced with the Federal Reserve and the impact of recent regulatory changes. The duo highlights the importance of state laws in protecting digital assets and discusses the future of banking amidst the rise of cryptocurrencies, as well as the effects of SEC approvals for Bitcoin ETFs on the market.
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Bailment Importance
- Bailment, like valet parking, means temporary possession, not ownership transfer.
- Banks, unlike trust companies, avoid federal bankruptcy, crucial for asset protection.
Custodia's Segregated Custody
- Custodia Bank segregates assets on-chain, maximizing customer protection and transparency.
- Customers can always view their Bitcoin UTXOs, ensuring true ownership.
Early FTX Fraud Evidence
- Caitlin Long shared her experience of submitting evidence of FTX's probable crimes to law enforcement in 2022.
- This was before FTX's collapse, highlighting her early awareness of the fraudulent activities.