Why Avanti Will Be a New Kind of Crypto Bank – Caitlin Long

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. She talks with Unchain Podcast's host and founder, crypto-journalist Laura Shin.

Timestamps:

0:00 - Welcome to Unchained
1:09 - The current state of crypto adoption on Wall Street
2:07 - How her entrepreneurial spirit galvanized a career spanning Wall Street, the Wyoming Legislature, and, now, crypto banking
4:57 - Why Caitlin fell in love with Bitcoin
7:00 - Fractional reserves and why the current financial system is a “violation of property rights”
11:30 - How stablecoin technology will change banking leverage and what effects faster settlement times will have on inflation
17:14 - Why corporate treasurers have been using BTC since 2014 in foreign exchange transactions
19:18 - What issues Wyoming is trying to solve through crypto legislation and why banks might be closing down customer accounts linked to crypto exchanges
28:32 - A proposed Wyoming bill that would prohibit judges from disclosing private cryptographic keys
32:50 - Where the idea for Avanti came from and how it will be different than other banks
46:51 - Existing problems with stablecoin regulation and a deep-dive into GAAP accounting for crypto
52:32 - Why Wall Street’s accounting system is to blame for the GameStop and Robinhood situation
54:06 - Whether or not a blockchain could work for settling securities
59:54 - Her thoughts on pension funds and endowments directly owning crypto
1:02:38 - What it is going to take for Avanti to successfully bridge the gap between traditional finance and crypto

The episode aired on March 2, 2021.