Caitlin Long, chief executive of US-based digital asset-friendly banking institution Custodia Bank, criticized the government’s stance towards crypto.
Caitlin Long, CEO of Custodia Bank, cryptocurrency He claimed he had been misled. According to Long, government officials should focus on scamming bankrupt companies rather than market players doing their jobs properly.
“Washington’s crypto push is misdirected. This situation pushes unattended risks into the shadows. When the day comes, the market will be hit worse than it should be when risks arise.”
Caitlin Long defended her digital asset custodian bank, saying, “We are trashing the scam.” Custodia Bank’s boss then referred to the negative events his company has faced recently.
“They Matched Us With FTX!”
Long explained that Custodia had recently been subjected to unlawful federal scrutiny, but they had overcome it. According to the CEO’s claim, authorities equated Custodia Bank with the failed crypto exchange FTX.
“We want to contribute to state institutions in regulation. However, this request is not taken into account in any way.”
1/ IT’S TIME FOR ME TO REVEAL A FEW THINGS. I’ve just published a post “Shame On Washington, DC For Shooting A Messenger Who Warned Of #Crypto Debacle.” Link to post is here:https://t.co/yTWWrEk3Os pic.twitter.com/rbo21DzOv3
— Caitlin Long 🔑⚡️🟠 (@CaitlinLong_) February 17, 2023
Custodia Bank CEO Caitlin Long wrote a long blog post on the subject after her statement.
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