Custodia Bank is taking its fight over a Federal Reserve master account to the U.S. Supreme Court, turning a regulatory denial into a broader test of who gets direct access to the American payment system. Custodia Bank asks the Supreme Court to review the Fed’s denial A master account means direct access to Federal Reserve […]
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Rep. Waters Presses Kansas City Fed Over Kraken’s Master Account Approval: Crypto’s Big Win or Regulatory Blunder? A bombshell decision by the Federal Reserve Bank of Kansas City to grant a Master Account to Kraken, one of the heavyweight cryptocurrency exchanges, has ignited a firestorm of debate. Representative Maxine Waters, a staunch critic of digital […]
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Custodia Bank Stumbles in Federal Reserve Master Account Fight: Crypto’s Uphill Battle Continues Custodia Bank, a pioneering crypto-focused institution led by Bitcoin advocate Caitlin Long, has hit another roadblock in its years-long quest for a Federal Reserve master account. The US Court of Appeals for the Tenth Circuit recently denied a full court rehearing in […]
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Fed Slams the Door on Custodia Bank’s 5-Year Quest for a Master Account The U.S. Court of Appeals for the Tenth Circuit has dealt a crushing blow to Custodia Bank, a Wyoming-based crypto-focused institution founded by Caitlin Long, by upholding a lower court’s decision to deny it access to a Federal Reserve master account. This […]
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