In this episode of the Wolf Of All Streets podcast with Caitlin Long, founder and CEO of Custodia Bank, we delve into the ongoing regulatory challenges facing the crypto industry. We discuss the political dynamics affecting Bitcoin and crypto regulations, highlighting the impact of Operation Choke Point 2.0 and SAB 121. Caitlin also provides insights into Custodia Bank's legal battles and the broader implications for the industry, emphasizing the importance of legal structures and regulatory compliance. The conversation explores potential future changes in the regulatory environment and the resilience of Bitcoin amidst these challenges. Caitlin Long: https://x.com/CaitlinLong_ ►► Sponsored by iTrust Capital Invest in Bitcoin, Crypto Assets & Gold with Your IRA Using iTrust Capital. 👉 https://bit.ly/itrust-scott ►► JOIN THE FREE WOLF DEN NEWSLETTER, DELIVERED EVERY WEEK DAY! 👉https://thewolfden.substack.com/ ►►OKX SIGN UP FOR AN OKX TRADING ACCOUNT THEN DEPOSIT & TRADE TO UNLOCK MYSTERY BOX REWARDS OF UP TO $60,000! 👉 https://www.okx.com/join/SCOTTMELKER ►►TRADING ALPHA READY TO TRADE LIKE THE PROS? THE BEST TRADERS IN CRYPTO ARE RELYING ON THESE INDICATORS TO MAKE TRADES. USE CODE ‘25OFF’ FOR 25% OFF WHEN VISITING MY LINK. 👉 https://tradingalpha.io/?via=scottmelker ►►NGRAVE This is the coldest hardware wallet in the world and the only one that I personally use. 👉https://www.ngrave.io/?sca_ref=4531319.pgXuTYJlYd ►►NORD VPN GET EXCLUSIVE NORDVPN DEAL - 40% DISCOUNT! IT’S RISK-FREE WITH NORD’S 30-DAY MONEY-BACK GUARANTEE. PROTECT YOUR PRIVACY! 👉 https://nordvpn.com/WolfOfAllStreets Follow Scott Melker: Twitter: https://twitter.com/scottmelker Web: https://www.thewolfofallstreets.io Spotify: https://spoti.fi/30N5FDe Apple podcast: https://apple.co/3FASB2c #Bitcoin #Crypto #CaitlinLong Timestamps: 0:00 Introduction and Background 1:05 Political Changes and Crypto Regulation 3:06 Operation Choke Point 2.0 4:09 SEC and Accounting Rule Exceptions 6:24 Impact of SAB 121 on Banks and Crypto Custody 7:49 Bipartisan Efforts and Political Dynamics 8:54 Corruption and Regulatory Overreach 10:55 Impact on Custodia Bank and Future Plans 12:24 Banking Challenges and Industry Impact 15:29 Legal and Regulatory Environment 18:52 Future of Crypto Regulation and Custodia Bank's Strategy 20:37 Importance of Legal Entity and Banking Regulations 24:27 Potential Political and Regulatory Changes 31:24 Impact of the Chevron Defense Decision 35:07 Potential Regulatory Changes and New Administration 36:06 Jamie Dimon as Treasury Secretary 37:11 Bank Attitudes Toward Crypto 38:13 BIS and Stablecoins 39:11 Impact of Regulatory Decisions on Stablecoins 41:22 Stablecoins and Fractional Reserve Banking 43:05 Future of Stablecoin Regulation 44:46 Arthur Hayes' View on Crypto Regulation Timing 45:54 Impact of the 2024 Election on Crypto Regulation 47:34 Challenges of Passing Crypto Legislation 48:37 Power Dynamics in Congress 49:47 Potential Crypto Regulation Outcomes 50:37 Decentralization of Power in the U.S. Government 51:21 Schumer and Crypto Regulation 52:28 Custodia's Legal Battle and Federal Reserve 55:50 Appointments Clause and Legal Implications 56:53 Conclusion and Bitcoin's Role The views and opinions expressed here are solely my own and should in no way be interpreted as financial advice. This video was created for entertainment. Every investment and trading move involves risk. You should conduct your own research when making a decision. I am not a financial advisor. Nothing contained in this video constitutes or shall be construed as an offering of financial instruments or as investment advice or recommendations of an investment strategy or whether or not to "Buy," "Sell," or "Hold" an investment.