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Fed denied bank merger for crypto reasons, Caitlin Long believes

Fed denied bank merger for crypto reasons, Caitlin Long believes
Fed blocks merger over crypto stance

Caitlin Long, founder and CEO of Avanti Bank & Trust at Custodia Bank, believes that the Federal Reserve denied a bank merger because the bank is seen as "pro-crypto" and the central bank opposes cryptocurrency.

Long's remarks were originally reported by American Banker.

Long has previously criticized U.S. banking technology, citing Federal Reserve comments about the sector's lagging progress in core infrastructure. She also challenged the Biden administration's actions against Silvergate Bank, warning about the risks of similar government interventions in banking, according to a prior statement. Her recent comments on the denied bank merger continue her critiques of federal policy toward crypto-related institutions.

This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.

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