A federal judge has ruled against Custodia Bank in its lawsuit against the Federal Reserve, denying Custodia's petition for review of its APA Claim and Motion for Judgment on its Statutory Mandamus Claim. The judge sided mostly with the Fed, rejecting Custodia's argument for a Federal Reserve master account and membership.
Court Dismisses #Custodia Bank's Challenge Against Federal Reserve https://t.co/UyXFcqhd79
Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application https://t.co/AcOazo9zW0 via @coindesk
Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application https://t.co/Fv1XpDnrtg
A federal judge rejected Wyoming-based Custodia Bank's argument that it is entitled to a Federal Reserve master account and membership with the Fed. #crypto https://t.co/icsXz9wdCm via @coindesk
Custodia is not entitled to a Fed master account, judge rules https://t.co/7YYA8dBO2V
A federal judge ruled that Custodia Bank isn't entitled to a Federal Reserve master account on Friday. @nikhileshde reports https://t.co/UQQlHlsXYD
🚨BREAKING: The judge in the @custodiabank vs. @federalreserve has mostly sided with the Fed in summary judgment and DENIED Custodia’s petition for review of its APA Claim and its Motion for Judgment on its Statutory Mandamus Claim. Full decision here: https://t.co/K1qBrSk23I