PANews, November 26- According to CrowdFundInsider, Custodia Bank, a Wyoming financial institution that provides banking services to cryptocurrency companies, announced that its board of directors voted last week to further reduce operations and "retain" capital in response to the "significant" reform of cryptocurrency policies by the new Washington D.C. government.
Custodia Bank pointed out that by taking this measure before the expected shift in US cryptocurrency policies, Custodia still "retains" its bank charter, API based real-time payments, Bitcoin custody platform, stablecoin patents issued by banks, as well as its "compliance" and operational records. Caitlin Long, founder and CEO of Custodia Bank, expressed her great satisfaction with the Custodia team, the services they have built for their clients, and their resilience in the face of repeated cancellations of banking services due to innocent circumstances.
The latest news states that Custodia's oral argument against the Federal Reserve's lawsuit is scheduled to take place on January 21, 2025.
