Caitlin Long: Banks should prepare for OCC crypto custody limits

Caitlin Long: Banks should prepare for OCC crypto custody limits
Banks may face OCC crypto limits

Caitlin Long, founder and CEO of Avanti Bank & Trust at Custodia Bank, highlights the importance for banks onboarding OCC trust-chartered crypto custodians to plan for potential restrictions on specific business lines instead of expecting full charter revocation.

This comment refers to ongoing legal challenges regarding OCC trust charters, as noted in a LexRegBlog discussion about the ICBA's lawsuit.

Long previously claimed the U.S. Federal Reserve blocked a bank merger due to concerns over the bank’s pro-crypto stance in Fed denied bank merger for crypto reasons, Caitlin Long believes. She has also highlighted Wyoming’s ninth blockchain event and anticipated future corporate registrations for tokenized stocks in Wyoming begins ninth event and leads in blockchain stock registrations, Caitlin Long notes. These earlier remarks reflect ongoing industry discussions around regulatory treatment of banks engaging in digital asset services.

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