The founder and CEO of Custodia Bank said that the US Federal Reserve is pursuing an anti -competitive policy, preventing the development of crypto industry and limiting equal access to business and investors to cryptorrhniks.

Caitlin Long accused the American Central Bank of maintaining anti -Critical restrictions, despite the creation of the appearance of general mitigation of the rules for commercial banks. According to Long, the Fed maintains the efforts of large financial institutions, providing them with an advantage in the production of stablecoins in controlled markets. While independent players are faced with misunderstanding and insurmountable barriers.

Large companies as JPMorgan or CITI have long -term and established connections with the Fed and can use preferences from the department in order to easier to integrate their crypto products into an existing financial system. Long has lamented.

Smaller market participants, including cryptoban, are faced with more stringent requirements and restrictions when trying to work with crypto actures, the businessman believes. According to her, the Fed prevents the business of such players, including the release of stablecoins in open areas.

The Fed “inserts sticks into the wheels” to banks who want to independently provide cryptocurrency storage services. One example is the ban on bankers to cover commissions for transactions in the blockchain (standard practice of castodial cryptocurrencies). This restriction not only complicates the work of banks that want to directly interact with crypto actures, including the release of stablecoins, but actually forces either to abandon such services or look for bypass tracks, increasing operational costs.

Earlier the head of Custodia Bank joined To the initiative of the General Director of the American Crypto -Exist Coinbase, Brian Armstrong, who proposed to break all business ties with legal companies in which former employees of the US Securities and Exchange Commission (Sec) work.