Caitlin Long, the Founder and CEO of Custodia Bank, who advocates for cryptocurrency as a burgeoning asset class at both state and federal regulatory levels, notes that Custodia Bank, a non-loan-making institution, has been encountering regulatory challenges for a while. Long further elaborated that in the U.S., regulatory matters are increasingly being contested in courts, pointing out that this issue extends beyond just cryptocurrency. She emphasized that it also involves states' rights. According to her, the Federal Reserve has established specific guidelines that seem to undermine state authority, leading to several banks, not just those related to crypto, experiencing denial or delays in obtaining master accounts. She pointed out that the Federal Reserve has shown discrimination against six U.S. states, evenly split between three red and three blue states, whose banks were unable to obtain FDIC insurance yet still became operational banks. In contrast, she noted that institutio...