Custodia Bank founder: The Federal Reserve is reviewing two crypto-friendly banks, and the de-banking issue may not be resolved until January next year
According to Cointelegraph, Custodia Bank founder and CEO Caitlin Long said that it is too early to say that debanking is over. The Federal Reserve is currently reviewing two cryptocurrency-friendly banks and sending a large number of censors to these banks, including those from Washington. This army is literally stifling these banks to provide services to crypto companies.
Caitlin Long added: "Trump won't be able to appoint a new Fed governor until January, so you can see signs of a potential big fight. If the Office of the Comptroller of the Currency (OCC) and the Federal Deposit Insurance Corporation (FDIC) overturn their anti-cryptocurrency guidelines, and the Fed doesn't, what about the crypto industry?"