HomeCrypto GamingCustodia's Suit Against Fed Over Denial of Master Account Can Proceed, Court...

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


Custodia’s problem of the Federal Reserve Financial institution of Kansas Metropolis’s resolution to disclaim the crypto-friendly financial institution entry to the Fed banking companies can proceed, a U.S. district court docket dominated Thursday, rejecting a Fed movement to dismiss the case. The U.S. District Court of Wyoming, nonetheless, did reject Custodia’s request that the Fed be compelled to grant it a so-called grasp account and membership with the Fed, As an alternative, Custodia should proceed its claims through regular channels.


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