Fed Beats Crypto-Focused Bank's Master Account Suit

[Gunnar Larson]

Fed Beats Crypto-Focused Bank's Master Account Suit
<https://www.law360.com/fintech/articles/1819650?nl_pk=d2b3e7ef-ab62-4a62-804a-08b1615aa913&utm_source=newsletter&utm_medium=email&utm_campaign=fintech&utm_content=2024-04-02&read_main=1&nlsidx=0&nlaidx=0>

By Katryna Perera

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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