Custodia Bank loses lawsuit against Fed over rejection of master account application
Custodia Bank lost its lawsuit against the Federal Reserve for refusing its application for a master account. The judge ruled that the Federal Reserve has the right to decide whether to grant a master account. Judge Scott Skavdahl of Wyoming stated that federal law does not require the central bank to allow every qualified deposit institution to enter its master account system, and the evidence provided does not indicate that the Federal Reserve Board influenced a regional branch's decision to reject their account application.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
You may also like
Pi Coin Developers Release New Update for Mainnet Migration and KYCs: “Attention, Last Chance”
Injective Gains Institutional Backing as Deutsche Telekom Joins as Validator

Novo concurso de Shiba Inu tem como objetivo 10 mil milhões de SHIBs queimados por dia

Best Cryptos For Beginners? Discover BTFD’s 100% Bonus, Shiba Inu’s Multi-Billion Cap, and Pepe’s Huge Trading Volume
Best cryptos for beginners? BTFD Coin offers a 100% bonus, while Shiba Inu and Pepe dominate trading volumes. Don’t miss out!BTFD Coin: The Bulls Squad Is Your Ticket to 3650% GainsShiba Inu: The OG Meme Coin Still Going StrongPepe: The Meme That Became a Trading Volume MonsterHow to Claim the LAUNCH100 Bonus Code on $BTFDFinal Thoughts: Don’t Sleep on BTFD Coin’s Presale

Trending news
MoreCrypto prices
More








