Custodia Bank CEO Criticizes U.S. Government's Approach to Cryptocurrency Banking

According to Odaily, Custodia Bank CEO Caitlin Long has strongly criticized the U.S. government's inaction regarding the banking access of cryptocurrency companies. She claims that officials are deliberately restricting digital asset firms from obtaining banking services. As the government closely monitors financial institutions collaborating with the cryptocurrency sector, many U.S. crypto businesses are struggling to maintain banking relationships. Long argues that regulatory bodies are intentionally refraining from taking action, stifling innovation and pushing companies to seek opportunities abroad.