The Pomp Podcast
#1516 Caitlin Long | Every Bank Wants A LOT Of Bitcoin
Mar 28, 2025
Caitlin Long, Founder and CEO of Custodia Bank, is a trailblazer in the digital asset space, advocating for a robust regulatory framework. She discusses the challenges of debanking and the growing allure of Bitcoin and stablecoins for institutional investors. Caitlin shares insights on Wyoming's pioneering regulations for crypto banking and the political landscape's influence on Bitcoin's future. Additionally, she addresses the competitive dynamics of stablecoins like Tether and explores innovative strategies for integrating these assets into traditional finance.
25:36
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Quick takeaways
- Wyoming's legal framework for digital assets has positioned it as a pioneer, attracting crypto businesses despite federal regulatory challenges.
- The evolving relationship between stablecoins and traditional banks signals a potential transformation in financial interactions and regulatory landscapes.
Deep dives
The Role of Wyoming in Digital Asset Regulation
Wyoming has played a crucial role in shaping the legal framework surrounding digital assets in the United States. As the first state to classify digital assets as property and establish a supportive regulatory environment, it has attracted various crypto entities looking to operate legally. The introduction of a special purpose depository institution charter aimed to facilitate banking services for these entities, with Kraken being among the first to apply. However, the process faced hurdles, particularly from federal regulators, highlighting the ongoing challenges that emerging businesses face in a complex regulatory landscape.
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