Fed Beats Crypto-Focused Bank's Master Account Suit
By Katryna Perera ( April 1, 2024, 4:56 PM EDT) -- The Federal Reserve Bank of Kansas City has defeated a suit brought by crypto-focused Custodia Bank over its battle for a so-called master account, with a Wyoming federal judge ruling that Custodia's reading of the law doesn't show it's statutorily entitled to such an account because Congress does not "hide elephants in mouse holes."...
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