Custodia’s challenge of the Federal Reserve Bank of Kansas City’s decision to deny the crypto-friendly bank access to the Fed banking services can continue, a U.S. district court ruled Thursday, rejecting a Fed motion to dismiss the case. The U.S. District Court of Wyoming, however, did reject Custodia’s request that the Fed be compelled to grant it a so-called master account and membership with the Fed, Instead, Custodia must continue its claims via normal channels.
Source: https://www.coindesk.com/business/2023/06/10/custodias-suit-against-fed-over-denial-of-master-account-can-proceed-court-rules/?utm_medium=referral&utm_source=rss&utm_campaign=headlines