• Custodia Bank CEO, Caitlin Long, has criticized Washington D.C. authorities for their misguided crackdowns in the crypto industry
• Long claims that she provided evidence to authorities of fraud being conducted by a big crypto firm months before it collapsed and warned of an impending bank-run risk
• She argues that the government should come to terms with the fact that crypto and digital assets already exist and instead invite stakeholders to the table

Custodia Bank CEO Accuses US Authorities Of Too Little, Too Late

Evidence of Fraud Provided Months Before Collapse

Nancy LubalePRO INVESTOR Updated: 18 February 2023 DisclosureWe sometimes use affiliate links in our content, when clicking on those we might receive a commission – at no extra cost to you. By using this website you agree to our terms and conditions and privacy policy. Join Our Telegram channel to stay up to date on breaking news coverage Caitlin Long, founder and CEO of Custodia Bank, has condemned Washington D.C. authorities and politicians over the ongoing crackdowns in the crypto industry terming them as „misguided“. She argues that the authorities ignored her warnings of fraud conducted by entities that are now bankrupt. In her blog post titled „Shame On Washington, DC For Shooting A Messenger Who Warned of Crypto Debacle“, Long called out the government for failing to protect investors and now working to get rid of good players in the industry.

Long’s Attempts To Alert Authorities Backfired On Custodia

Despite her attempts at alerting authorities on potential fraud within the crypto industry backfired on her bank, Custodia long said: „I’ve been calling out the worst of crypto while trying to build a lawful, compliant alternative that relegates scams to the trash heap.“ However, despite presenting evidence months before a collapse occurred she claims Custodia’s attempts at being federally regulated were rejected adding that : “Custodia Bank recently found itself in the crosshairs of Beltway Politics at their worst. Custodia was simultaneously attacked by the White House, Federal Reserve Board Governors Kansas City Fed and Senator Dick Durbin”

„Risks Will Only Be Pushed Into The Shadows“

Long argued that “Washington’s misguided crackdown will only push risks into shadows leaving regulators playing whack-a-mole as risks continuously pop up in unexpected places” Therefore she is inviting U.S Government come terms with fact that cryptos already exist rather than trying get rid them all together or making life impossible for stakeholders involved in sector .

„Invite Stakeholders To The Table“

In conclusion Caitlin long invited US Government come terms with fact cryptos digital assets already exist invite stakeholders table , saying: “Despite recent attacks high integrity innovators remain committed finding ways make this industry work better serve public interest…We hope policymakers can find way begin new dialogue where all sides work collaboratively toward common goal—protecting consumers innovating faster”

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