Crypto Bank Custodia Suffers Another Court Rejection in Fed Master Account Pursuit

Crypto Bank Custodia Suffers Another Court Rejection in Fed Master Account Pursuit

The 10th Circuit Court of Appeals ruled against Custodia nine months after hearing arguments in the company's effort to secure a Federal Reserve master account.

Appeals Court Upholds Fed's Discretion on Master Accounts, Rejects Custodia's Bid

The Tenth Circuit affirms the Fed's authority to control access to master accounts. The court warns against automatic approvals, citing risk factors tied to digital asset-focused institutions. Judge Tymkovich dissents, suggesting that more oversight, rather than outright denial, could foster innovation. The U.S. Tenth Circuit Court of Appeals has ruled against Custodia Bank's attempt to secure direct access to the Federal Reserve's payment syste…

Appeals Court Backs Fed Discretion As Custodia Loses Master Account Bid

Tenth Circuit backs the Fed in a 2 to 1 decision, denying Custodia direct access. Ruling affirms full discretion over master accounts amid crypto-related risks. Dissent warns the stance could curb innovation and fair competition. 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 …

Court Denies Crypto Bank Custodia's Bid to Pry Master Account From Unwilling Fed

Custodia said it may request a rehearing on the matter, after a panel of judges ruled 2-1 to affirm a district court’s prior ruling denying the crypto bank Fed access.

Caitlin Long’s crypto bank loses appeal over Fed master account

Custodia Bank experienced another setback in court that will likely delay its plans for access to the US Federal Reserve’s payment systems.

Appeals court sides with Federal Reserve in Custodia Bank case

The court upheld the Federal Reserve Board's right to block Custodia from direct access to its payment systems. The bank is considering asking for a rehearing.