• Caitlin Long, the founder and CEO of Custodia Bank, revealed that she handed evidence to law enforcement agencies in the United States of probable crimes committed by a big crypto firm.
• She believes stamping corruption out of crypto is not a partisan issue and that regulators should let the law adapt and take its course.
• Despite the crackdown from regulators, Caitlin says cryptocurrencies won’t be „uninvented“ and will continue to exist as „internet-native“ money.

Caitlin Long Reveals Crypto Crimes

Caitlin Long, the founder and CEO of Custodia Bank, recently revealed on Twitter that she handed over evidence to law enforcement agencies in the United States of probable crimes committed by a big crypto firm. She also warned regulators of the risks banks expressly serving the crypto industry were facing.

Fighting Corruption Not Partisan Issue

Long believes stamping corruption out of crypto is not a partisan issue. Instead, she assesses that the only way crypto can be corruption and fraud-free is not to engage in politics and instead let the law adapt and take its course. She appears to blame politics for Custodia Bank being denied the required licenses for them to be federally regulated.

Cryptocurrencies Will Not Be Uninvented

Regulators across the world are trying to intervene and protect investors as mandated by law, but Long says cryptocurrencies won’t be „uninvented“ despite this opposition. She claims they will continue to exist as „internet-native“ money even if there is opposition.

Custodia Bank History

Custodia Bank specializes in providing payment services for cryptocurrency assets while also offering custody services for commercial clients in the United States. They have been engaged in this industry since it launched back in 2020 with Caitlin as their CEO.

Conclusion

In conclusion, despite regulatory crackdowns from governments around the world, Caitlin Long remains confident that cryptocurrencies will remain an important part of our financial system going forward due to their ability to provide secure transactions across borders at low costs. Furthermore, she has taken steps towards ensuring that criminal activity does not go unchecked within this space by handing over evidence indicating possible crimes committed by a big crypto firm prior to it’s implosion last year which left millions customers with losses