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 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

1/ Daily News Round-Up:

- China’s AI startups challenge global leaders.  
- Trump grants temp tariff relief for automakers.  
- Rising mortgage rates hit homebuilder stocks. 2/ Lufthansa reported a challenging 2024, with net profit declining to €1.38 billion from €1.67 billion the previous year.

lumidanews.com/lufthansa-eyes…

1/ Daily News Round-Up:  

- US job growth slowed in January amid weather disruptions.  
- Trump plans reciprocal tariffs on trade partners.  
- Google exits Snowflake investment, selling all shares.  
- Market rally expands beyond Big Tech.  
- Crypto firms ramp up D.C. lobbying.  
- Judge blocks Musk from Treasury data. 2/ The US labor market showed moderation in January, with job growth cooling after two strong months, partly due to winter weather and Los Angeles-area wildfires.

lumidanews.com/global-economy…

1/ Daily News Round-Up:

- OpenAI's 99.9% accurate AI text detector remains unreleased
- FedEx to cut costs by eliminating duplicate trucks
- China's GDP grows 4.9%, fueled by government spending
- US credit traders hedge against economic downturn 2/ Credit traders are aggressively hedging against potential economic downturns in the US, signaling rising concern about economic stability. 

> Over the past month, the cost of credit default swaps (CDS) on US investment-grade debt surged by 20%.

lumida.com/us-economy-wob…