Crypto Regulation and Financial Infrastructure by Caitlin Long

Caitlin Long is a Wyoming-based financial reformer and CEO of Custodia Bank, a financial institution built to bridge traditional banking with digital asset infrastructure. She holds a J.D. from Harvard Law School and previously served as managing director at Morgan Stanley. In 2020, Long led legislative efforts to establish Wyoming’s crypto-friendly SPDI (Special Purpose Depository Institution) banking charter. Since then, she has testified before the U.S. Senate and has become a central voice in debates over crypto custody, systemic risk, and regulatory fragmentation.

In March 2025, Long predicted that U.S. crypto debanking would persist until at least January 2026 without changes in Federal Reserve leadership. Her comments were made during a Bloomberg interview that recorded over 780,000 views within the first three days. In July 2025, she joined the board of PublicSquare Inc. as it began transitioning treasury operations to Bitcoin and yield-bearing stablecoins, becoming one of the first public companies to do so. Custodia Bank's legal action against the Federal Reserve continues, centered on the rejection of its master account application—a case closely watched by both crypto institutions and federal regulators.