Custodia Bank's CEO Says Bad Actors and Regulators Caused Crypto Crash
— Whipsaw, Ceo, Gut tells, Product, Caused, Mom, Long, Folks, Crash, Bad — 1 min read
Long: SEC took six years to greenlight another product to compete. Long: “A lot of mom-and-pop investors got hurt by the whipsaw, as did the whole industry’s.” “My gut tells me that there are some folks at the SEC who wish that had never happened,” Long said. “Therefore that premium sat out there and a lot of... got hurt," Long said. “I’m not sure what happened, but it took them over six years. It took them six years for the product to be greenlighted,’ he said. The SEC said it will not make the product available to the public for $1.5 billion. Source