Custodia Bank Loses Final Court Appeal Over Federal Reserve Master Account

A US federal appeals court has rejected Custodia Bank’s final attempt to challenge the Federal Reserve’s authority over granting master accounts, bringing an end to the crypto-focused bank’s five-year legal fight for direct access to the central bank’s payment infrastructure. Key Takeaways: A US appeals court refused to hear Custodia Bank’s final appeal, ending its five-year fight for a Federal Reserve master account…