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Custodia CEO Criticizes Fed’s ’Quiet’ Anti-Crypto Policies Favoring Big Banks
Custodia CEO Criticizes Fed’s ’Quiet’ Anti-Crypto Policies Favoring Big Banks
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Custodia Bank CEO Caitlin Long has accused the Federal Reserve of maintaining covert anti-crypto policies that disproportionately benefit large financial institutions. Despite recent rollbacks of restrictive guidance, the Fed preserved a January 2023 rule preventing banks from direct cryptocurrency engagement—a move Long characterizes as regulatory theater.
The preserved policy creates an uneven playing field, allowing major banks to dominate stablecoin issuance while stifling private network innovation. Long’s social media analysis highlights this selective deregulation as symptomatic of institutional capture in digital asset policy-making.
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