avanti

Policy

Regulations

Federal Reserve Says Custodia’s Plans Would Endanger Itself and the Crypto Industry

Though the Fed admitted Custodia has sufficient capital and resources to launch, it has “fundamental concerns” about the sustainability of a crypto-focused bank.

By Cheyenne LigonJesse Hamilton

Sponsored

Mar 24, 2023 at 5:42 p.m. UTC

Mar 24, 2023

regulationsCustodiaAvantiFederal Reservebanking

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Policy

Regulations

Custodia Bank Renews Push for Fed 'Master Account' After Rejection

The Federal Reserve and Kansas City Fed rejected Custodia's applications for membership and a master account last month.

By Nikhilesh De

Sponsored

Feb 17, 2023 at 10:12 p.m. UTC

Feb 17, 2023

regulationsCustodiaAvantiFedbankingFederal ReserveUS

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Policy

Regulations

Republican Lawmakers File Amicus Brief in Support of Custodia Bank’s Legal Battle With the Federal Reserve

The Wyoming-based bank filed suit against the Federal Reserve in June, arguing that the Fed’s refusal to make a decision is unlawful and discriminatory against crypto institutions.

By Cheyenne Ligon

Sponsored

Sep 22, 2022 at 10:00 a.m. UTC

Sep 22, 2022

regulationsWyomingCynthia LummisCaitlin LongAvantiExclusive CongressU.S.

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Policy

Regulations

US Fed Opens Pathway for Crypto Banks to Tap Central Banking System

The central bank will create a three-tiered system for evaluating whether a financial institution should have access.

By Nikhilesh De

Sponsored

Aug 15, 2022 at 6:50 p.m. UTC

Aug 15, 2022

regulationsFederal ReserveAvantiKrakenSPDI

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Policy

Avanti

Crypto Bank Custodia Sues Federal Reserve

The bank founded by Morgan Stanley veteran Caitlin Long filed suit against the U.S. central bank for delaying a decision on its application for a master account.

By James Rubin

Sponsored

Jun 7, 2022 at 11:09 p.m. UTC

Jun 7, 2022

AvantiCaitlin LongWyomingFederal ReserveLawsuitBanking Regulation

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Policy

Regulations

Kraken Hits Key Milestone in Quest to Gain Fed Account, Equal Treatment With Traditional Banks

Kraken Bank, the Wyoming subsidiary of the Kraken crypto exchange, received a routing number from the American Bankers Association.

By Nikhilesh De

Sponsored

Mar 26, 2022 at 2:40 p.m. UTC

Mar 26, 2022

regulationsFederal ReserveKrakenAvantiWyomingSPDI

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Policy

Regulations

Caitlin Long's Wyoming Crypto Bank Takes a Step Toward Fed Membership

It's no guarantee of Fed approval, but Avanti Bank now has a routing number through the American Bankers Association.

By Nikhilesh De

Sponsored

Feb 10, 2022 at 12:28 a.m. UTC

Feb 10, 2022

regulationsAvantiFederal ReserveCaitlin LongWyomingBankingFDIC

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Business

Venture capital

Caitlin Long’s Avanti Raises $37M Ahead of Crypto Bank Launch

The digital bank will put the extra cash toward meeting Wyoming regulators’ pre-launch capital requirements.

By Danny Nelson

Sponsored

Mar 25, 2021 at 8:20 p.m. UTC

Mar 25, 2021

Venture CapitalBankingWyomingAvanti

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Business

Banking

Avanti Financial Joins Kraken as a Wyoming-Approved Crypto Bank

Blockchain pioneer Caitlin Long is now the CEO of her own special purpose depository institution (SPDI) in Wyoming.

By Nate DiCamillo

Sponsored

Oct 28, 2020 at 7:33 p.m. UTC

Oct 28, 2020

BankingCaitlin LongAvanti

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Business

Banking

Caitlin Long's Avanti Raises $5M, Submits Wyoming Bank Charter Application Draft

Crypto bank Avanti has raised an angel round from the University of Wyoming Foundation, Anthony Pompliano’s Morgan Creek Digital and other investors.

By Nate DiCamillo

Sponsored

Jun 2, 2020 at 8:35 p.m. UTC

Jun 2, 2020

BankingWyomingCaitlin LongMorgan Creek DigitalAvanti

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