Custodia Bank has filed for a review and continues to seek the Federal Reserve to establish a master account for it.
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TL;DR
Custodia Bank has filed for a full review with the U.S. Court of Appeals, continuing its legal battle to force the Federal Reserve to establish a master account, after a previous court ruling favored the Fed.
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Custodia BankFederal Reservemaster accountlegal battlecourt appeal
On December 16, according to CoinDesk, in its legal battle with the Federal Reserve, Custodia Bank has filed a petition for a full review with the U.S. Court of Appeals for the Tenth Circuit, continuing to seek the Federal Reserve to establish a master account for it.
In November of this year, the U.S. Court of Appeals for the Tenth Circuit ruled 2-1 in favor of the Federal Reserve in the Custodia v. Federal Reserve case, rejecting Custodia's request to force the central bank to open a master account for it.