Why the Fed Blocked America’s Most Compliant Crypto Bank
Wall Street veteran Caitlin Long built Custodia Bank to fully align crypto with U.S. regulation.
Wyoming consulted the Fed 100+ times creating its SPDI charter—yet Custodia was denied a Master Account.
Even Sen. Cynthia Lummis called it “unacceptable.”
@CaitlinLong_ @custodiabank #CryptoBanking
Wall Street veteran Caitlin Long built Custodia Bank to fully align crypto with U.S. regulation.
Wyoming consulted the Fed 100+ times creating its SPDI charter—yet Custodia was denied a Master Account.
Even Sen. Cynthia Lummis called it “unacceptable.”
@CaitlinLong_ @custodiabank #CryptoBanking
From Wall Street to Bitcoin
Long spent 22 years managing $500B+ at Morgan Stanley & Credit Suisse.
In 2012, she discovered Bitcoin and saw it as a solution to everything broken in finance:
☑️ Opacity
☑️ Counterparty risk
☑️ Monetary manipulation
#Bitcoin #FinanceReform
Long spent 22 years managing $500B+ at Morgan Stanley & Credit Suisse.
In 2012, she discovered Bitcoin and saw it as a solution to everything broken in finance:
☑️ Opacity
☑️ Counterparty risk
☑️ Monetary manipulation
#Bitcoin #FinanceReform
Wyoming’s Crypto Architect
Long helped pass Wyoming’s crypto laws—modeling the SPDI charter to make the state a financial hub, just like South Dakota’s credit card play.
The goal? Decentralize power away from NYC & DC.
100+ Fed meetings backed her push.
#DigitalAssets #CryptoLaw
Long helped pass Wyoming’s crypto laws—modeling the SPDI charter to make the state a financial hub, just like South Dakota’s credit card play.
The goal? Decentralize power away from NYC & DC.
100+ Fed meetings backed her push.
#DigitalAssets #CryptoLaw
Custodia’s Vision—and the Fed’s Rejection
Launched in 2020, Custodia Bank was a 100% reserve institution for real-time crypto settlement.
The Fed denied it access in 2023, citing “systemic risk”—but riskier, leveraged banks like SVB collapsed instead.
Long says only New York megabanks win.
#Regulation #FinTech @custodiabank
Launched in 2020, Custodia Bank was a 100% reserve institution for real-time crypto settlement.
The Fed denied it access in 2023, citing “systemic risk”—but riskier, leveraged banks like SVB collapsed instead.
Long says only New York megabanks win.
#Regulation #FinTech @custodiabank
Suing the Fed
Custodia sued the Fed, claiming its denial was unlawful.
Though the 2024 ruling went against her, Long is appealing in the 10th Circuit—part of the broader “Operation Chokepoint 2.0” probe.
Judge Skavdahl’s ruling even ignored Sen. Pat Toomey’s demand for transparency.
#CryptoPolicy #Custodia
Custodia sued the Fed, claiming its denial was unlawful.
Though the 2024 ruling went against her, Long is appealing in the 10th Circuit—part of the broader “Operation Chokepoint 2.0” probe.
Judge Skavdahl’s ruling even ignored Sen. Pat Toomey’s demand for transparency.
#CryptoPolicy #Custodia
Why This Fight Matters
Long’s battle could reshape crypto’s role in U.S. banking—and revive the dual banking system.
She warns the Fed might weaponize a Strategic Bitcoin Reserve as a future bailout tool.
With FTX’s shadow still looming, the outcome may define crypto’s future.
🎧 Want Caitlin on our podcast?
Follow for more founder deep dives.
#Bitcoin #CryptoBanking #FinTech
Long’s battle could reshape crypto’s role in U.S. banking—and revive the dual banking system.
She warns the Fed might weaponize a Strategic Bitcoin Reserve as a future bailout tool.
With FTX’s shadow still looming, the outcome may define crypto’s future.
🎧 Want Caitlin on our podcast?
Follow for more founder deep dives.
#Bitcoin #CryptoBanking #FinTech
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Follow Lumida Wealth on Instagram-f.mtr.cool/tgnyxlqzjr
Also, check out f.mtr.cool/ovuxnvkcaa for all the latest news.
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