Why Caitlin Long and Meltem Demirors Are Worried About Cryptos Future in the US - Ep. 470

Published: March 21, 2023, 11:15 a.m.

b'Caitlin Long, founder and CEO of Custodia Bank, and Meltem Demirors, chief strategy officer of CoinShares, share their concerns about crypto in the U.S. following a wild week in the banking sector. With Signature Bank\\u2019s takeover looking like a targeted takedown and crypto-friendly upstarts like Custodia being shadowbanned by the Fed, the two longtime experts look ahead at the fights to come. Is USDC next to land in regulators\\u2019 crosshairs?\\nListen to the episode on Apple Podcasts, Spotify, Overcast, Podcast Addict, Pocket Casts, Stitcher, Castbox, Google Podcasts, TuneIn, Amazon Music, or on your favorite podcast platform.\\n\\nShow highlights:\\n\\nhow crypto is viewed as a \\u201cbig, scary, and strange\\u201d industry\\n\\nhow Signature and Silvergate became so important for the crypto industry with SEN and Signet\\n\\nwhy Caitlin says it\\u2019s \\u201ccrystal clear\\u201d that we are now in Operation Choke Point 2.0, with U.S. regulators pushing to debank the crypto industry\\n\\nwhy Caitlin says the Fed\\u2019s vote against Custodia\\u2019s application was preordained\\n\\nwhether Sen. Elizabeth Warren had an impact on the current crisis\\n\\nhow everything comes down to game theory\\n\\nwhether VCs are responsible for causing the bank run\\n\\nwhether the rollback in 2018 of certain provisions of the Dodd-Frank Act played a role in the recent collapse\\n\\nCaitlin\\u2019s hot takes on what happened with Signature Bank\\n\\nthe unique characteristics of Custodia\\u2019s business model as a bank\\n\\nhow stablecoins challenge the current financial system\\n\\nwhy it\\u2019s so important for crypto to improve its public perception\\n\\n\\nThank you to our sponsors!\\n\\nCrypto.com\\n\\nHalborn\\n\\nGuests:\\n\\n\\nMeltem Demirors, Chief Strategy Officer at CoinShares\\n\\n\\nCaitlin Long, founder and CEO of Custodia Bank\\n\\nLinks\\n\\nPrevious coverage of Unchained:\\n\\nJim Bianco on Why the Banking System Has Always Been Broken\\n\\nThe Fed Is In Checkmate: What Will Powell Do?\\n\\nThe Fall of SVB: What Happened and How It Affects Crypto\\n\\n\\nNYT: Congress Approves First Big Dodd-Frank Rollback\\n\\n\\n\\nNYMAG: Barney Frank Talks More About the Surprise Shuttering of Signature Bank\\n\\n\\nWSJ Editorial Board: Signature Bank\\u2019s Crypto Execution\\n\\n\\nUnchained:\\n\\nFDIC Denies Asking Signature Buyers to Give Up Crypto: Report\\n\\nWas Signature Bank Actually Insolvent?\\n\\nCircle to Bring On New Banking Partner for USDC Minting, Redemption\\n\\nCircle Clears Backlog of USDC Minting and Redemption Requests\\n\\nRegulators Close Signature Bank Following SVB Collapse\\n\\n\\u200b\\u200bSilvergate to Wind Down Operations in \\u2018Voluntary Liquidation\\u2019\\n\\n\\nLearn more about your ad choices. Visit megaphone.fm/adchoices'