Custodia Bank CEO Caitlin Long Highlights Ongoing Cryptocurrency Derisking Issues Amid Trump’s Return

In a recent address at ETHDenver, Caitlin Long, the CEO of Custodia Bank, emphasized a critical issue in the cryptocurrency landscape: the lack of proactive measures from the U.S. government regarding crypto derisking since the return of former President Trump to the White House. Long pointed out that while there is a common perception that regulatory frameworks have softened, the reality is starkly different. She noted that, “no federal bank has actually overturned any anti-crypto guidance,” indicating an ongoing hesitancy within the banking sector. Furthermore, she highlighted that even minimal exposure to digital assets continues to be deemed as “unsafe and unsound” by financial institutions, underscoring the significant hurdles that cryptocurrencies face in gaining mainstream acceptance within traditional banking systems.