“Custodia offered a safe, federally regulated, solvent alternative to the reckless speculators and grifters of crypto that penetrated the U.S. banking system with disastrous results for some banks,” Long continued. “Custodia actively sought federal regulation, going above and beyond all requirements that apply to traditional banks.”

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• Source: https://www.coindesk.com/policy/2023/01/27/custodia-bank-denied-federal-reserve-system-membership/?utm_medium=referral&utm_source=rss&utm_campaign=headlines