The Federal Reserve has come under fire for its stance on cryptocurrency. Caitlin Long, the CEO of Custodia Bank, claims that the Fed had kept one key restriction in place, despite revoking four other pieces of anti-crypto guidance. Such selective bias has significantly impacted banks’ ability to engage with the crypto industry. The one restriction […]
Custodia Bank
Federal Judge Rejects Custodia Bank’s Bid for Fed Account, Impacting Digital Sector
A recent court ruling has imposed constraints on Custodia Bank’s objectives within the emerging digital asset domain. On March 29, 2024, Judge Scott Skavdahl of the District of Wyoming dismissed the bank’s litigation against the Federal Reserve System. This decision prevents Custodia from obtaining a Federal Reserve master account, a vital component for effortless involvement […]