Crypto Bank Custodia Denied Federal Reserve Master Account Again in Latest Court Ruling

Custodia Bank, a prominent cryptocurrency-focused financial institution, has faced another significant legal setback as federal courts rejected its application for a Federal Reserve master account. This marks the latest development in Custodia's ongoing legal battle to secure direct access to the Federal Reserve's payment systems, which would allow the crypto bank to operate more independently from traditional banking intermediaries. The court's repeated denials highlight the continuing regulatory challenges facing digital asset banking operations in the United States and represent a substantial obstacle for companies seeking to bridge traditional finance with cryptocurrency services.