Custodia Bank CEO Blasts Washington For Crackdown On Crypto
- Custodia Bank CEO Caitlin Long has called out American lawmakers and regulators for the crackdown on crypto.
- The CEO claimed that she had warned regulators about the fraud going on at a major crypto firm.
- Long alleged that Custodia Bank faced retaliation from multiple U.S. agencies for its attempt to root out corruption.
Caitlin Long, the founder, and CEO of Custodia Bank have turned up the heat on lawmakers and regulators in Washington D.C. over the ongoing crackdown on the crypto industry. In her blog post titled “Shame On Washington, DC For Shooting A Messenger Who Warned of Crypto Debacle”, Long detailed how her warnings to regulators were ignored, ultimately leading to the current predicament of the crypto industry.
The Chief Executive of Custodia Bank, which has made a name for itself in the digital assets banking space, revealed in a lengthy Twitter thread earlier today that she had provided evidence to U.S law enforcement agencies that detailed probable crimes being committed at a certain crypto firm. According to Long, the evidence was handed over months before the firm’s implosion which led to considerable losses to millions of customers.
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