#548: Caitlin Long on the Federal Reserve Payment Proposal

The Pomp Podcast

Anthony Pompliano

Business, Investing

4.8 • 1.9K Ratings

🗓️ 6 May 2021

⏱️ 23 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

Caitlin Long is the Founder and CEO of Avanti Bank, a new US bank based in Wyoming that intends to serve the digital asset industry with new products and services that are not currently available in US dollar markets. In this conversation, we discuss the Fed payment system, OCC trust companies, SPDIs, FDIC insurance, uninsured institutions gaining Fed access, and settlement risk in crypto. ======================= Circle is a global financial technology firm that enables businesses of all sizes to harness the power of stablecoins and public blockchains for payments, commerce and financial applications worldwide. Circle is also a principal developer of USD Coin (USDC), the fastest growing, fully reserved and regulated dollar stablecoin in the world. The free Circle Account and suite of platform API services bridge the gap between traditional payments and crypto for trading, DeFi, and NFT marketplaces. Create seamless, user-friendly, mainstream customer experiences with crypto-native infrastructure under the hood with Circle. Learn more at circle.com ======================= OKEx is a leading crypto exchange known for providing the most options for crypto traders and investors. Whether you want to trade spot, futures, options or swaps, OKEx gives you institutional-grade tools and a best-in-class trading engine. The platform offers credit and debit card funding options and supports 40 different fiat currencies, including EUR, CAD, GBP, TRY, INR and RUB, to name just a few. You can invest, trade, and earn yield, all within one place at okex.com. OKEx is not available to customers in the United States. ======================= Exodus is an absolute game changer in the crypto wallet space, and we’ve teamed up to offer an exclusive discount for you, as listeners of the podcast. Sign up for Exodus today using my promo code Exodus.com/pomp. This is a no brainer for both newcomers and crypto heavyweights - go sign up today. =======================

Transcript

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0:00.0	What's up, everyone? This is Anthony Pompliano. Most of you know me as Pomp. You're listening to the Pomp podcast, simply the best podcast out there. Now let's kick this thing off.
0:09.4	Caitlin Long is the founder and CEO of Avanti Bank, a new U.S. bank based in Wyoming that intends to serve the digital asset industry with new products and services that are not currently available in U.S. dollar markets.
0:21.6	In this conversation, we discussed the Fed Payment System, the OCC trust companies,
0:26.6	SPDIs, FDIC insurance, uninsured institutions gaining Fed access, and settlement risk in crypto.
0:34.1	I really enjoyed this conversation with Caitlin, and I hope you do as well. Before we
0:38.8	get into this episode, though, I want to quickly talk about our sponsors. First up is Circle.
0:43.5	Circle is a global financial technology firm that enables businesses of all sizes to harness
0:47.8	the power of stable coins in public blockchains for payments, commerce, and financial
0:52.2	applications worldwide. Circle is also a principal developer of
0:55.8	USD coin, USC, which is the fastest growing regulated, fully reserved dollar stable coin in the
1:02.3	world. They're now standing at more than $14 billion market cap, and they're adding nearly
1:07.8	$300 million of net new digital dollars in circulation every single week.
1:13.1	The free Circle account and suite of platform API services bridge the gap between traditional payments and crypto for trading, defy, and NFT marketplaces.
1:22.0	You can learn more at Circle.com.
1:24.7	Again, Circle.com.
1:26.4	Had them on the podcast before. They are killing it. Go check them out. Circle.com. Again, Circle.com. Had them on the podcast before. They are killing it. Go check
1:30.2	them out. Circle.com. All right. Next up are my friends over at OkX. Crypto moves fast and many
1:37.9	crypto-focused companies can't keep up. Crypto exchanges that cut through the noise are the ones
1:42.3	that give you access wherever you are in the world to the cutting edge projects emerging in this new asset class.
1:47.4	If you're looking for an industry leader that gives you access to a huge variety of crypto assets, tools, and services, I'd recommend OKX.
1:54.6	As we all know, Bitcoin and other crypto prices can be volatile.
1:58.4	If riding these price waves isn't your thing, OKX also lets you earn passive income with your crypto.
	...

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