Caitlin Long, founder and CEO of Wyoming-based Avanti Bank, a special purpose depository institution (SPDI) that aims to provide crypto custody services for institutional investors, discusses Avanti’s journey to becoming a Federal Reserve member bank. Plus, insights into the U.S. crypto regulatory landscape, private stablecoins, and Avanti’s new digital asset Avit.
The guidelines would have a direct bearing on Wyoming special purpose depository institutions that want access to Fed payments, said U.S. Sen. Cynthia Lummis.
A Wyoming corporation founded by Caitlin Long is preparing to apply for a special purpose depository institution (SPDI) charter with the state’s division of banking.