In a recent legal battle, Custodia Bank, a digital asset bank based in Wyoming, has faced a setback in its quest to obtain a Federal Reserve master account. This crucial asset allows banks direct access to the Federal Reserve’s payment systems. Analyzing details of this case could highlight its implications for Custodia Bank.

Custodia Bank’s request for a Federal Reserve master account was denied — SourceCourt Ruling Against Custodia Bank

Custodia Bank‘s attempt to secure a Federal Reserve master account hit a roadblock as the United States District Court ruled against its bid. The decision, handed down by Judge Scott Skavdahl, dismissed Custodia’s plea for a declaratory…

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