Custodia CEO States Trump Family’s Crypto Connections Are a Component of Clarity Act Issues
Simply put Caitlin Long mentioned that cryptocurrency dealings tied to President Trump complicate efforts to implement transparency laws. She described the likelihood of the bill passing in the Senate as a “coin toss.” Long pointed out that without new legislation, crypto regulations could be reversed by subsequent administrations. Caitlin Long, CEO of Custody Bank, expressed […]
Custodia Bank’s CEO cautions that traditional finance companies are about to experience their first crypto winter.
Concerns About Institutional Investors and Crypto Risk Management Caitlin Long, the CEO of Custodia Bank, has expressed concerns regarding institutional investors in the traditional financial sector. She believes they lack a modern risk tolerance model to effectively navigate the complexities of cryptocurrency, especially with a bear market potentially on the horizon. During her talk at […]
Custodia Bank laying off employees as Biden admin’s crypto crackdown weighs on digital asset industry
The hosts of the CoinStories podcast discuss the state of cryptocurrencies following the global market sell-off. The Biden administration's tightening of regulations on cryptocurrencies has led to major restructuring at some of the smaller but better-known crypto banks. Custody Bank, a Wyoming-based financial institution that provides banking services to cryptocurrency companies, notified employees on Thursday […]
Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application – CoinDesk
A federal judge has rejected Wyoming-based Custodia Bank’s argument that it is entitled to a Federal Reserve master account and membership in the Fed. Judge Scott Skavdahl of the District of Wyoming; Custodia’s motion for judgment was denied. On Friday, federal law does not require the nation’s central bank to give all eligible depository institutions […]