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

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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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