Caitlin Long, founder and CEO of Avanti Financial Group, talks about the issues plaguing the current state of technology in traditional finance and how her background as a 22-year Wall Street veteran, gubernatorial appointee to the Wyoming Blockchain Task Force, and crypto pioneer is helping her shape Avanti into a bridge between conventional banking and crypto. Tune in to hear Caitlin discuss: <ul> <li style="font-weight: 400;" aria-level="1">the current state of crypto adoption on Wall Street (1:09)</li> <li style="font-weight: 400;" aria-level="1">how her entrepreneurial spirit galvanized a career spanning Wall Street, the Wyoming Legislature, and, now, crypto banking (2:07)</li> <li style="font-weight: 400;" aria-level="1">why Caitlin fell in love with Bitcoin (4:57)</li> <li style="font-weight: 400;" aria-level="1">fractional reserves and why the current financial system is a “violation of property rights” (7:00)</li> <li style="font-weight: 400;" aria-level="1">how stablecoin technology will change banking leverage and what effects faster settlement times will have on inflation (11:30)</li> <li style="font-weight: 400;" aria-level="1">why corporate treasurers have been using BTC since 2014 in foreign exchange transactions (17:14)</li> <li style="font-weight: 400;" aria-level="1">what issues Wyoming is trying to solve through crypto legislation and why banks might be closing down customer accounts linked to crypto exchanges (19:18)</li> <li style="font-weight: 400;" aria-level="1">a proposed Wyoming bill that would prohibit judges from disclosing private cryptographic keys (28:32)</li> <li style="font-weight: 400;" aria-level="1">where the idea for Avanti came from and how it will be different than other banks (32:50)</li> <li style="font-weight: 400;" aria-level="1">existing problems with stablecoin regulation and a deep-dive into GAAP accounting for crypto (46:51)</li> <li style="font-weight: 400;" aria-level="1">why Wall Street’s accounting system is to blame for the GameStop and Robinhood situation (52:32)</li> <li style="font-weight: 400;" aria-level="1">whether or not a blockchain could work for settling securities (52:32)</li> <li style="font-weight: 400;" aria-level="1">her thoughts on pension funds and endowments directly owning crypto (59:54)</li> <li style="font-weight: 400;" aria-level="1">what it is going to take for Avanti to successfully bridge the gap between traditional finance and crypto (1:02:38)</li> </ul>   Thank you to our sponsors!  <a href="http://crypto.com/">Crypto.com</a>: <a href= "https://bit.ly/3jzkTAD">https://bit.ly/3jzkTAD</a> Download the <a href= "http://crypto.com/">Crypto.com</a> app here: <a href= "https://crypto.onelink.me/J9Lg/laurashinpodcasttesla">https://crypto.onelink.me/J9Lg/laurashinpodcasttesla</a>   Square: <a href= "http://square.com/go/unchained">http://square.com/go/unchained</a>   Episode links:  Caitlin Long Twitter: <a href= "https://twitter.com/CaitlinLong_">https://twitter.com/CaitlinLong_</a>  Personal website: <a href="https://caitlin-long.com/">https://caitlin-long.com/</a>  CoinDesk profile: <a href="https://www.coindesk.com/most-influential/2019/caitlin-long"> https://www.coindesk.com/most-influential/2019/caitlin-long</a>    Avanti Website:  <a href= "https://avantibank.com/">https://avantibank.com/</a>  Twitter announcement: <a href= "https://twitter.com/CaitlinLong_/status/1231958552790482950"> https://twitter.com/CaitlinLong_/status/1231958552790482950</a>  Avit: <a href= "https://www.coindesk.com/unpacking-the-avit-avanti-banks-new-digital-asset-being-built-with-blockstream"> https://www.coindesk.com/unpacking-the-avit-avanti-banks-new-digital-asset-being-built-with-blockstream</a>  Banking charter: <a href= "https://www.forbes.com/sites/michaeldelcastillo/2020/10/28/avanti-unanimously-wins-bitcoin-banking-charter/?sh=50db610816aa"> https://www.forbes.com/sites/michaeldelcastillo/2020/10/28/avanti-unanimously-wins-bitcoin-banking-charter/?sh=50db610816aa</a>  Wyoming and blockchain: <a href= "https://www.coindesk.com/haven-blockchain-case-wyoming"> https://www.coindesk.com/haven-blockchain-case-wyoming</a> GAAP accounting and crypto: <a href= "https://twitter.com/CaitlinLong_/status/1356759511856410624"> https://twitter.com/CaitlinLong_/status/1356759511856410624</a>  Trust charter vs. SPDI: <a href= "https://twitter.com/CaitlinLong_/status/1349850451374587907"> https://twitter.com/CaitlinLong_/status/1349850451374587907</a>  Special purpose depository institutions: <a href= "https://twitter.com/CaitlinLong_/status/1194022779730968577"> https://twitter.com/CaitlinLong_/status/1194022779730968577</a>  Bailment: <a href= "https://www.forbes.com/sites/andreatinianow/2019/03/07/a-split-emerges-in-blockchain-law-wyomings-approach-versus-the-supplemental-act/?sh=49635109719a"> https://www.forbes.com/sites/andreatinianow/2019/03/07/a-split-emerges-in-blockchain-law-wyomings-approach-versus-the-supplemental-act/?sh=49635109719a</a>  Caitlin on GameStop: <a href= "https://www.coindesk.com/first-mover-crypto-gamestop-bitcoin-dogecoin"> https://www.coindesk.com/first-mover-crypto-gamestop-bitcoin-dogecoin</a>    Previous Episodes   <a href= "https://unchainedpodcast.com/caitlin-long-on-how-utility-tokens-are-now-legal-in-wyoming/"> On How 'Utility Tokens' Are Now Legal in Wyoming</a>, 2018 <a href= "https://unchainedpodcast.com/why-the-ice-bakkt-news-makes-some-crypto-investors-nervous/"> Why the ICE/BAKKT News Makes Some Crypto Investors Nervous</a>, 2018 <a href= "https://unchainedpodcast.com/how-avanti-will-be-a-not-your-keys-not-your-coins-bank/"> How Avanti Will Be a 'Not Your Keys, Not Your Coins' Bank</a>, Feb 2020

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Caitlin Long: Why Avanti Will Be a New Kind of Crypto Bank - Ep.216

Laura Shin