Stablecoin Bill Outlook: When Will Compliance Disputes End? Custodia Bank founder and CEO Caitlyn Long shared in an interview with CNBC that after the 'Genius Act' takes effect, industry changes remain to be seen, with several key questions still unanswered: Can banks issue tokenized deposits? How much capital needs to be allocated for holding stablecoins? On the compliance front, non-bank institutions, especially fintech companies in the crypto space, have compliance standards that fall short of those for banks. The current system may put banks at a competitive disadvantage, but institutions like the Federal Reserve are expected to promote a fair competitive environment. Additionally, when transferring tokenized deposits between banks, whether the receiving party's customer needs to open an account at the sending bank remains a regulatory gray area. The potential for information sharing between banks could be a positive for community banks under heavy compliance cost pressure. Video source: https://youtu.be/Av9aZSO1-4M?si=eIr07xDEuEbhca-w