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

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’s 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’ crosshairs?
Listen 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.

Show highlights:

how crypto is viewed as a “big, scary, and strange” industry

how Signature and Silvergate became so important for the crypto industry with SEN and Signet

why Caitlin says it’s “crystal clear” that we are now in Operation Choke Point 2.0, with U.S. regulators pushing to debank the crypto industry

why Caitlin says the Fed’s vote against Custodia’s application was preordained

whether Sen. Elizabeth Warren had an impact on the current crisis

how everything comes down to game theory

whether VCs are responsible for causing the bank run

whether the rollback in 2018 of certain provisions of the Dodd-Frank Act played a role in the recent collapse

Caitlin’s hot takes on what happened with Signature Bank

the unique characteristics of Custodia’s business model as a bank

how stablecoins challenge the current financial system

why it’s so important for crypto to improve its public perception

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Guests:

Meltem Demirors, Chief Strategy Officer at CoinShares

Caitlin Long, founder and CEO of Custodia Bank

Links

Previous coverage of Unchained:

Jim Bianco on Why the Banking System Has Always Been Broken

The Fed Is In Checkmate: What Will Powell Do?

The Fall of SVB: What Happened and How It Affects Crypto

NYT: Congress Approves First Big Dodd-Frank Rollback

NYMAG: Barney Frank Talks More About the Surprise Shuttering of Signature Bank

WSJ Editorial Board: Signature Bank’s Crypto Execution

Unchained:

FDIC Denies Asking Signature Buyers to Give Up Crypto: Report

Was Signature Bank Actually Insolvent?

Circle to Bring On New Banking Partner for USDC Minting, Redemption

Circle Clears Backlog of USDC Minting and Redemption Requests

Regulators Close Signature Bank Following SVB Collapse

​​Silvergate to Wind Down Operations in ‘Voluntary Liquidation’

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