Bitcoins Biggest Battle: Caitlin Long's Shocking Insights On The Regulatory War!

Published: July 21, 2024, 11 a.m.

In this episode of the Wolf Of All Streets podcast with Caitlin Long, founder and CEO of Custodia Bank, we delve into the ongoing regulatory challenges facing the crypto industry. We discuss the political dynamics affecting Bitcoin and crypto regulations, highlighting the impact of Operation Choke Point 2.0 and SAB 121. Caitlin also provides insights into Custodia Bank's legal battles and the broader implications for the industry, emphasizing the importance of legal structures and regulatory compliance. The conversation explores potential future changes in the regulatory environment and the resilience of Bitcoin amidst these challenges.\n\nCaitlin Long: https://x.com/CaitlinLong_\n\n\u25ba\u25ba Sponsored by iTrust Capital\nInvest in Bitcoin, Crypto Assets & Gold with Your IRA Using iTrust Capital.\n\U0001f449 https://bit.ly/itrust-scott\n\n\u25ba\u25ba JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY!\n\U0001f449https://thewolfden.substack.com/\n\n\u25ba\u25baOKX\nSIGN UP FOR AN OKX TRADING ACCOUNT THEN DEPOSIT & TRADE TO UNLOCK MYSTERY BOX REWARDS OF UP TO $60,000!\n\U0001f449 https://www.okx.com/join/SCOTTMELKER\n\n\u25ba\u25baTRADING ALPHA\nREADY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. USE CODE \u201825OFF\u2019 FOR 25% OFF WHEN VISITING MY LINK.\n\U0001f449 https://tradingalpha.io/?via=scottmelker\n\n\u25ba\u25baNGRAVE\nThis is the coldest hardware wallet in the world and the only one that I personally use.\n\U0001f449https://www.ngrave.io/?sca_ref=4531319.pgXuTYJlYd\n\n\u25ba\u25baNORD VPN\nGET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT\u2019S RISK-FREE WITH NORD\u2019S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY!\n\U0001f449 https://nordvpn.com/WolfOfAllStreets\n\nFollow Scott Melker:\nTwitter: https://twitter.com/scottmelker\nWeb: https://www.thewolfofallstreets.io\nSpotify: https://spoti.fi/30N5FDe\nApple podcast: https://apple.co/3FASB2c\n\n#Bitcoin #Crypto #CaitlinLong\n\nTimestamps:\n0:00 Introduction and Background\n1:05 Political Changes and Crypto Regulation\n3:06 Operation Choke Point 2.0\n4:09 SEC and Accounting Rule Exceptions\n6:24 Impact of SAB 121 on Banks and Crypto Custody\n7:49 Bipartisan Efforts and Political Dynamics\n8:54 Corruption and Regulatory Overreach\n10:55 Impact on Custodia Bank and Future Plans\n12:24 Banking Challenges and Industry Impact\n15:29 Legal and Regulatory Environment\n18:52 Future of Crypto Regulation and Custodia Bank's Strategy\n20:37 Importance of Legal Entity and Banking Regulations\n24:27 Potential Political and Regulatory Changes\n31:24 Impact of the Chevron Defense Decision\n35:07 Potential Regulatory Changes and New Administration\n36:06 Jamie Dimon as Treasury Secretary\n37:11 Bank Attitudes Toward Crypto\n38:13 BIS and Stablecoins\n39:11 Impact of Regulatory Decisions on Stablecoins\n41:22 Stablecoins and Fractional Reserve Banking\n43:05 Future of Stablecoin Regulation\n44:46 Arthur Hayes' View on Crypto Regulation Timing\n45:54 Impact of the 2024 Election on Crypto Regulation\n47:34 Challenges of Passing Crypto Legislation\n48:37 Power Dynamics in Congress\n49:47 Potential Crypto Regulation Outcomes\n50:37 Decentralization of Power in the U.S. Government\n51:21 Schumer and Crypto Regulation\n52:28 Custodia's Legal Battle and Federal Reserve\n55:50 Appointments Clause and Legal Implications\n56:53 Conclusion and Bitcoin's Role\n\nThe views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.