Appeals Court Backs Fed Discretion As Custodia Loses Master Account Bid

The U.S. Tenth Circuit Court of Appeals ruled in favor of the Federal Reserve, rejecting Custodia Bank’s bid for a master account that would grant direct access to the central bank’s payment system. The 2-to-1 decision is a setback for the Wyoming-based digital-asset bank and reinforces the Fed’s authority to restrict access when it perceives […] Read The Full Article Appeals Court Backs Fed Discretion As Custodia Loses Master Account Bid On Coin Edition.