Custodia asks Supreme Court to review Fed master account denial
AI summary
Custodia Bank filed a reply brief asking the U.S. Supreme Court to review a 10th Circuit ruling that let regional Federal Reserve banks deny master accounts to eligible institutions. The crypto-focused bank frames the dispute as a fight against Federal Reserve overreach in access to the payment system. A Supreme Court grant would test whether crypto banks can win direct Fed account access, a structural issue for the sector's banking rails.
