Caitlin Long Slams Fed's Secret Rule Giving Big Banks a Stablecoin Edge

Caitlin Long, CEO of Custodia Bank, accused the US Federal Reserve of pretending to support crypto while quietly favoring big banks. The banking executive said the Fed rescinded four restrictive policies but left a key one in place from January 7, 2023, when the Biden administration pushed anti-crypto measures.

Why Did the Fed Keep One Key Anti-Crypto Rule?

According to a detailed April 27 thread on X, Caitlin Long explained that a key US Fed rule is quietly making it difficult for banks to get directly involved in crypto.

1/ I'VE BEEN THINKING about why the Fed left in place one of its anti-#crypto statements while rescinding all 4 others. The one it left in place was issued in coordination w/ the Biden White House's anti-crypto statement on January 27, 2023. Link here:https://t.co/VntoUEBn9L https://t.co/n2p2aD3WI3

— Caitlin Long