Custodia Bank's attempt to secure a Federal Reserve master account and membership with the Fed was rejected by a federal judge. The court favored the Federal Reserve in the case, denying Custodia Bank's appeal for review. The lawsuit challenging the Fed's rejection of the master account application was unsuccessful.
Custodia Bank shouldn't back down. KC Fed was wrong to arbitrarily and capriciously reject their Master Account due to dislike of crypto. Judge then did a complete 180 on prior decision. Raises major questions about legality of Fed and potential political pressure from @ewarren… https://t.co/Mn1VDtAw4t
Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account https://t.co/mrxGDIYgwD via @coindesk | This is not a surprise. Why does any #crypto org think Fed will say yes? Crypto is not even as asset under Basel III. Do we recall the 1250% risk weight #BIS??
The Federal Reserve Bank of Kansas City defeated a suit brought by crypto-focused Custodia Bank over its battle for a so-called master account. https://t.co/v5NjBRfhTb
🗞️ Federal judge rejects @custodiabank's claim it's entitled a @FederalReserve master account 🗞️ Meme coins flourish on Degen Chain @JennSanasie has today's top crypto headlines on "CoinDesk Daily" 👇 https://t.co/DYZsCe9N6I
Custodia Bank Loses Lawsuit Challenging Fed Rejection of Master Account Application https://t.co/AcOazo9zW0 via @coindesk
📰Top5 Crypto News From This Weekend 👇 US court favors Fed in @custodiabank case, rejects appeal for review. @Grayscale introduces crypto investment fund that prioritizes staking rewards. #Crypto hacking losses decline in Q1 2024 — @immunefi UK court freezes over $8M of…
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