From Cointelegraph

February 27, 2025 3:51:15 pm:

Recent efforts to “debank” crypto firms in the US revealed a “staggering” level of corruption among government officials, according to Caitlin Long, Custodia Bank’s founder. In 2023, the US Federal Reserve denied Custodia access to a master account due to “crypto-asset-related activities,” prompting legal action. Industry outrage peaked with a lawsuit from Coinbase in June 2024. US President Donald Trump criticized the prior administration’s stance on crypto-friendly banks and vowed to integrate cryptocurrencies into the financial system. The battle for regulatory clarity continues, with stablecoin issuers fighting for preferential rules. The ongoing struggle involves big banks, stablecoin issuers, and Tether, resulting in a flow of money to Washington D.C. Long expressed uncertainty about the outcome.

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