Custodia Bank CEO Caitlin Long says she warned law enforcement of crypto frauds beforehand and blames regulators for “throwing the baby out with the bathwater”
Before 1940, investing in mutual funds was like wading into a cesspool. The same is true today of crypto.
Caitlin warned regulators of fraud occurring at other crypto firms, tried to start @custodiabank in a regulatory compliant manner, and she was still denied a license to operate. You can't do things the right way because regulators are making it impossible. Ridiculous. https://twi…
Now this is a real look into the inner workings of our current system. Caitlin and I share a lot of the same beliefs. Specifically that it shouldn't be a free for all and the bad actors need to be regulated, but also that the system should not be rigged, but rather be fair. https…