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Cryptocurrency Bank Custodia Submits Application for Rehearing with US Appeals Court in Lawsuit Against Federal Reserve
Summary: In a latest development, Custodia Bank has filed a petition for rehearing with the US Court of Appeals for the Tenth Circuit in its legal battle against the Federal Reserve. The bank argues that the Fed's refusal to establish a master account would weaken state banks' authority and raise constitutional issues. Custodia Bank is seeking ...
In a latest development, Custodia Bank has filed a petition for rehearing with the US Court of Appeals for the Tenth Circuit in its legal battle against the Federal Reserve. The bank argues that the Fed's refusal to establish a master account would weaken state banks' authority and raise constitutional issues. Custodia Bank is seeking the court to reconsider its ruling from October, which supported the Fed's denial of the bank's use of core central bank payment services, making this struggle a precedent for cryptocurrency banks to access the US payment system. (CoinDesk)
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Link: Cryptocurrency Bank Custodia Submits Application for Rehearing with US Appeals Court in Lawsuit Against Federal Reserve [Copy]
