Caitlin Long, CEO of Custodia Bank, discussed the challenges faced by crypto-native banks at Benzinga's Future of Digital Assets event. She highlighted regulatory issues, including the Federal Reserve's guidelines that undermine state authority and discrimination against banks in six U.S. states. Long also mentioned the U.K.'s stablecoin regulation as a model for the Fed, requiring banks to hold reserves at the central bank. Custodia Bank launched a new Bitcoin custody product in October, offering segregated accounts. Long had previously warned regulators about potential bank runs at Silvergate and Signature due to the fast settlement of digital asset transactions.