Custodia Bank submits petition to US Supreme Court seeking to overturn Federal Reserve ruling

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According to Bitcoin.com News, Custodia Bank has submitted a review application to the US Supreme Court, requesting confirmation of whether the regional Federal Reserve Bank governor has the authority to refuse to provide main account services to institutions. The Federal Reserve rejected Custodia Bank's main account application in 2023, citing significant security and stability risks associated with its new business model and planned focus on cryptocurrency assets. The US Tenth Circuit Court of Appeals supports the Federal Reserve Bank of Kansas City in 2024, and the US Supreme Court will decide whether to accept the case in October.

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Today 2026-10-09
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