Wyoming-based crypto bank Custodia has filed a petition for a rehearing en banc with the Tenth Circuit Court. The bank is requesting that the full court, rather than the original three-judge panel, reconsider its decision from October that sided with the Federal Reserve in denying Custodia a master account. Custodia's petition claims that the panel misinterpreted the Monetary Control Act, which it argues grants any eligible bank the right to a master account. The bank also contends that the decision undermines state banking authority and raises significant constitutional issues.
Custodia Bank Seeks Full Tenth Circuit Review on Master Account Denial
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