Crypto Bank Custodia Urges Supreme Court to End ‘Tyranny’ of Federal Reserve
Custodia Bank has filed a reply brief urging the U.S. Supreme Court to review a 10th Circuit decision that allowed regional Federal Reserve banks to deny master accounts to eligible institutions. Supreme Court Appeal Crypto-focused Custodia Bank has issued a renewed plea to the U.S. Supreme Court to take up its battle…
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Explained in this story
Federal Reserve
The central bank of the United States, which sets US interest rates and supervises banks.
Because the dollar is used worldwide, its rate decisions affect borrowing costs and markets in many other countries.
More about Federal ReserveCryptocurrency
A digital currency secured by cryptography and recorded on a blockchain, without a central bank issuing it.
Crypto prices are volatile, and governments are still deciding how to regulate it.
More about CryptocurrencyMore in Finance
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