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Custodia Bank Inc v. Federal Reserve Board of Governors et al
Case Number:
1:22-cv-00125
Court:
Nature of Suit:
Other Statutes: Administrative Procedures Act/Review or Appeal of Agency Decision
Judge:
Firms
- Berger Montague
- Cravath Swaine
- Crowley Fleck
- Davis Wright Tremaine
- Hathaway & Kunz
- Hirst Applegate
- Jenner & Block
- King & Spalding
- Williams & Connolly
- Williams Porter Day & Neville
Government Agencies
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November 14, 2022
Custodia's Suit Over Fed Account Access Clears Key Hurdle
A Wyoming federal judge has handed a key early-stage win to Custodia Bank in its legal fight for a Federal Reserve master account, ruling that the crypto-focused bank can proceed with certain claims accusing Fed officials of illegally slow-walking its application for one of the business-critical accounts.
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October 20, 2022
BNY Mellon's Crypto Move Doesn't Show Favoritism, Fed Says
The Federal Reserve Board of Governors has defended its move to allow investment bank BNY Mellon to begin holding and transferring digital assets on behalf of customers, pushing back on criticism raised by the crypto-focused Custodia Bank in its lawsuit against the Fed seeking a so-called master account with the central bank.
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October 14, 2022
Custodia Slams BNY's New Crypto Biz In Suit Against Fed
Cryptocurrency-focused Custodia Bank Inc. has slammed a move by the Federal Reserve Board of Governors to allow investment bank BNY Mellon to begin holding and transferring digital assets on behalf of customers, saying this undercuts the Fed's central argument in Custodia's fight for recognition of a similar business plan.
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September 23, 2022
Crypto-Focused Bank Gets GOP Backing In Fight With Fed
Republican U.S. lawmakers, the state of Wyoming and two of its state legislators have weighed in on a cryptocurrency-focused bank's lawsuit against the Federal Reserve, urging a federal court to preserve the bank's accusations that the central bank illegally slow-walked its application for access to critical payment services.
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August 17, 2022
Fed Says Crypto Bank Can't Sue Its Way To Account Decision
Federal Reserve System officials are urging a Wyoming federal judge to reject a lawsuit from a cryptocurrency bank that they say seeks to rush them into granting it access to key central bank services before they can finish thinking through all the bigger-picture ramifications of its request.
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June 07, 2022
Crypto Bank Sues Fed Over 'Kafkaesque' Account Delay
A cryptocurrency bank that received one of Wyoming's first special-purpose depository institution charters sued the Federal Reserve on Tuesday, accusing the central bank of illegally slow-walking its application for access to critical payment services offered to other banks.
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