Custodia

Custodia Bank's Appeal Denied in Master Account Case Against Federal Reserve – cover image
Custodia Bank's Appeal Denied in Master Account Case Against Federal Reserve

The 10th Circuit Court of Appeals upheld the Federal Reserve's discretion to reject Custodia Bank's master account application, marking a significant decision on access to Fed payment systems. Despite Custodia's legal challenge, the court ruled against mandatory account granting, with ongoing debates about crypto firms' access.