Caitlin Long

but still a very favorable step.

I remember having Caitlin Long on not long ago, and she was like, you know, the OCC has done it, the FDIC has done it, but the Fed's never going to do it.

They're going to drag their feet.

I think the Fed actually did it a couple weeks ago behind deadline.

100%.

I had a conversation with Caitlin Long not long ago.

I mentioned it to you before the show.

And obviously, you know, she's very passionate about tokenized bank deposits.

I mean, even that, that worry about the, the trillion dollar debt problem in the US that you mentioned.

I, I mean, it is still here, but how much of a problem is it really in your view? Because, like, from reading your stuff, it really feels like you're siding more with, with an argument that I heard from Caitlin Long a couple of years ago when she was pointing out, like, there might be this liability problem, forty trillion by now, uh, in, in debt, but there's also the equity base and, and, and an equity base of, of which is vastly superior or bigger than the debt the US has.

And as long as this is that much bigger, there's always wealth to tap into.

And I think that's where we get into tokenization as well, where there's actually one route that could help us tap in a significant way into that wealth.

Yeah.

And this is why I call it endgame analysis.

The only people I hear talk like this, and Caitlin Long is someone who I respect and someone who I've, I've had conversations with in, in, in, in rooms to describe what she's doing with her bank.

To have a flexible mindset and to understand that household net worth in the United States of America is five times the size as the debt of the government.

So Luke Gromen said, "In my opinion, more Bitcoiners" ...

And this is also something we talked about s- uh, about six or seven months ago, right around the Super Bowl, with Caitlin Long.

We had Caitlin Long on the show, and she, uh, has said this for years, and it's worth paying attention to what she has said from someone inside the system, the banking system, of what's happening.

But anyway, uh, "In my opinion," Luke says, "more Bitcoiners should spend more time on understanding that if digital credit is developed, it will ensure Bitcoin never goes to $1 million.

That may even be the point of digital credit, but Bitcoiners would be well-served to study credit gold that began in London in mid-'80s." Number one, love that Luke's on the, uh, London train, uh, if you will, uh, the City of London.

Wall Street can build layers" ...

And it's not in the reason that you think, right? You gotta be very careful, so let's read this.

And this is what I talked with Caitlin Long, and the big institutions, this is gonna be ...

Yeah.

Caitlin Long, she has a vested interest in saying so, but she thinks, you know, her belief was that tokenized deposits will actually be bigger than stable coins.

You know, the bank to bank side of it and just tokenizing the entire thing to make it.

And then, of course, you're going to tokenize stocks and tokenize everything and what that will be.

I don't know very much about politics.

And one of the things, though, we've had Caitlin Long on the show several times, and she's been working on digital dollars, right? Not a CBDC, but the bank's ability to digitize cashier's checks, essentially, bank-to-bank transfers.

And she's actually done it.

And I know she's patented and done a fantastic job kind of fighting the headwaters, if you will, and swimming upstream on that front.

Um, all right.

Up next, we're gonna go to our very own Spencer Nichols, who sat down with Caitlin Long to discuss the regulatory landscape and Washington split.

Hello, and welcome back to the Bitcoin Magazine podcast.

My name is Spencer Nichols, and today we are joined by the one and only Caitlin Long, founder and CEO of Custodia Bank.

We're here to talk all things institutional adoption of crypto, tokenized bank deposits, and also the broader Bitcoin macro picture as Bitcoin trades akin to something like gold in this kind of risk-off, debasement trade environment.

But with all that said, Caitlin, welcome to the show.