The US Federal Reserve’s (FED) request for the lawsuit filed by crypto-focused bank Custodia Bank was rejected by the court.
Wyoming-based crypto-focused bank Custodia Bank’s lawsuit with the Fed has resulted in a crypto-friendly ruling from the court. US district court June 8 In its decision on the day of the FED’s cancellation of the case, denied your request and Custodia Bank’s commitment to this process. have the right to continue highlighted.
Fed, Custodia Bank request to access federal reserve services. had not accepted. At that time, even though Custodia Bank applied to be included in this system more than once, the FED made a striking decision. negative return every time made.
These feedbacks unlawful Custodia Bank, claiming that the During the process, the FED tried to deal with this case many times. to be lowered demanded. This last request US region court of law rejected by
Analysts, who closely follow the case, have taken the final decision in the legal fight of Custodia Bank against the FED. take a step forward interpreted as.
Custodia Bank spokesperson Nathan Miller He made the following statements about the developments:
The Federal Reserve’s latest petition to dismiss Custodia Bank’s lawsuit was once again denied. We are pleased that the Fed’s attempt to veto state banks’ statutes will now be tested in federal court.