This podcast episode dives deep into Custodia Bank's legal battle against the Federal Reserve, highlighting the systemic challenges faced by the crypto industry within the U.S. banking framework. Through insightful discussions with industry leaders Caitlin Long and Michelle Kallen, it unpacks the political motivations behind regulatory decisions, the innovative spirit of state-chartered banks, and the clash between traditional banking practices and the evolving landscape of digital finance. The episode ultimately underscores the necessity of fair regulatory frameworks that accommodate innovation while providing durable banking solutions for the crypto sector.