Crypto Firms Still Struggle with Banking Hurdles, Says Custodia Bank CEO
Custodia Bank CEO Caitlin Long criticizes ongoing anti-crypto banking policies, despite Trump’s return. She highlights FDIC’s long-standing resistance under former Chair Martin Gruenberg and urges stronger stablecoin regulations. Long warns that U.S. banks hold only 8% cash reserves, making them vulnerable to liquidity crises, as seen with Silvergate Bank.
She calls for a new FDIC chair and praises the SEC’s shift in crypto policy but stresses the need for stablecoin legislation to protect consumers.
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