Lead Bank co-founder Erica Khalili told the Ripple Swell conference in Miami that banks entering the crypto space need to invest heavily and maintain close relationships with regulators. She pointed out that clear regulatory policies and cross-agency cooperation are essential for banks. Although digital assets bring efficiency gains to capital markets, banks must have a strategy for dealing with regulation and be patient to adapt to changing rules. Khalili stressed that entering the crypto banking space requires a deep understanding of products, technologies and talent, and it is difficult to simply test the waters successfully.