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

The crypto-friendly bank was also denied immediate membership with the Federal Reserve, with the court saying Custodia could pursue membership through other channels.

Updated Jun 12, 2023, 4:12 p.m. Published Jun 10, 2023, 4:03 a.m.
Custodia Bank founder Caitlin Long (Suzanne Cordeiro/Shutterstock/CoinDesk)
Custodia Bank founder Caitlin Long (Suzanne Cordeiro/Shutterstock/CoinDesk)