Court closes Custodia fight with Federal Reserve just as Fed opens master-account door

A U.S. District Court has dismissed Custodia Bank's lawsuit against the Federal Reserve, which sought access to a master account for its crypto operations. The ruling comes as the Federal Reserve has begun to accept applications for master accounts from banks, including those involved in digital assets. Custodia argued that the Fed's refusal to grant them a master account was unjustified and hindered their business. The court's decision effectively ends Custodia's legal battle, while the Fed's new policy could open opportunities for other crypto-related financial institutions.

Read the full article: CoinDesk