Sources
Loading...
Additional media
Loading...
DeepNewz, mobile.
People-sourced. AI-powered. Unbiased News.
Custodia Bank To Appeal Denial of Access to Fed Master Account @CaitlinLong_'s Custodia claims to provide a banking model suitable for “rapidly improving technology,” and protection against bank runs. They are considering legal actions against the “Fed’s strong-arm tactics”. https://t.co/sDCC2GR5Xw
Custodia Bank has filed a notice of appeal against a court ruling affirming the Federal Reserve's decision to deny it membership and a master account. https://t.co/AtXyBKbWQi
Custodia Bank Appeals Court Loss in Fed Master Account Lawsuit https://t.co/E5CPextRgb via @coindesk
Custodia Bank has officially filed a notice of appeal following a Wyoming district judge's decision on March 29 that upheld the Federal Reserve's authority to deny the bank a master account. The bank argues that its model, which emphasizes technology and protection against bank runs, merits reconsideration. Custodia's legal team is also considering further actions against what they describe as the Federal Reserve's 'strong-arm tactics.' Nikhilesh De reports.
