Custodia Bank has filed for an en banc review with the Tenth Circuit Court of Appeals, challenging a previous decision that upheld the Federal Reserve's denial of a master account. The Wyoming-based crypto bank argues that the October ruling misinterpreted the Monetary Control Act, which should grant eligible banks the right to a master account. Custodia claims the decision undermines state banking regulatory authority and raises significant constitutional issues.
Custodia Bank Seeks En Banc Review of Fed's Master Account Denial
Disclaimer: The content provided on Phemex News is for informational purposes only. We do not guarantee the quality, accuracy, or completeness of the information sourced from third-party articles. The content on this page does not constitute financial or investment advice. We strongly encourage you to conduct you own research and consult with a qualified financial advisor before making any investment decisions.
