Is Federal Reserve REALLY Crushing Crypto?
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Caitlin Long, CEO of Custodia Bank, has sharply criticized the Federal Reserve for maintaining a key anti-crypto restriction while rolling back others. The remaining guidance prevents banks from holding cryptocurrencies as principal or issuing stablecoins on public blockchains. Long contends this selectively advantages large banks, allowing them a head start with private stablecoins while stifling broader institutional crypto adoption.
The disputed policy traces back to a January 2023 Biden administration mandate. This regulatory asymmetry continues to limit traditional financial institutions’ ability to engage meaningfully with digital assets. market participants now look to legislative solutions to level the playing field.
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