Court closes Custodia fight with Federal Reserve just as Fed opens master-account door
A federal court has dismissed Custodia Bank's lawsuit against the Federal Reserve, which sought access to a master account for digital asset services. The ruling comes as the Fed has begun to open the door for master accounts, allowing banks to access the central bank's payment system. Custodia argued that the Fed's denial of its application was arbitrary and capricious. The court's decision effectively ends Custodia's legal battle, while the Fed's new policy may pave the way for other crypto-related institutions to gain access to master accounts in the future.
Read the full article: CoinDesk