Ripple Won’t Get Fed Master Account, Says Caitlin Long

Caitlin Long, the CEO of Wyoming-chartered Custodia Bank, delivered a stark assessment of crypto’s path to the Federal Reserve’s rails, arguing that firms operating under trust charters—including Ripple—will not be granted direct access to the Fed’s payment system unless they become true depository institutions. “Stablecoin issuers are not legally depository institutions,” she said. “To be […]