Blockchain Association Backs Custodia Bank to Challenge Fed Account Denial Power

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The post Blockchain Association Backs Custodia Bank to Challenge Fed Account Denial Power appeared first on Coinpedia Fintech News

Crypto lobbying group the Blockchain Association has filed an amicus brief supporting the crypto custodian Custodia Bank in its Supreme Court petition where it fights the Fed’s denial of master accounts. Crypto players seek level playing field In 2020, the Wyoming-chartered Custodia Bank applied for a Federal Reserve master account. This is essentially a “bank …