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Custodia's Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules

HomeCrypto News

Custodia's Suit Against Fed Over Denial of Master Account Can Proceed, Court Rules

June 10, 2023 4:07 am

Custodia's challenge of the Federal Reserve Bank of Kansas City's decision to deny the crypto-friendly bank access to the Fed banking services can con


Custodia’s challenge of the Federal Reserve Bank of Kansas City’s decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U.S. district court ruled Thursday, rejecting a Fed motion to dismiss the case. The U.S. District Court of Wyoming, however, did reject Custodia’s request that the Fed be compelled to grant it a so-called master account and membership with the Fed, Instead, Custodia must continue its claims via normal channels.

www.coindesk.com

Crypto News 71690 account 241 Court 2395 Custodia039s 2 Denial 35 Fed 3913 master 44 Proceed 47 rules 1329 suit 279

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