After 22 years on Wall Street, Caitlin Long got intrigued by bitcoin and the blockchain in 2012. From 2018 through 2020 she served as a member of the Wyoming Blockchain Task Force, which made the Cowboy State the most welcoming for blockchain companies.
Long is the founder and CEO of Custodia Bank, a bitcoin-focused "full reserve" bank proposing to keep 108 percent of customer deposits on hand. The Federal Reserve has denied its application for membership, claiming that "the firm's novel business model and proposed focus on crypto-assets present significant safety and soundness risks." Custodia is currently challenging that decision. Reason's Zach Weissmueller interviewed Long about the ongoing lawsuit and the future of bitcoin in May, at the Bitcoin 2023 conference in Miami.
