Custodia Bank applied for a Master Account to enable critical Federal Reserve payment services but was turned back and rejected
Custodia Bank's recent legal defeat to the Federal Reserve marks a significant moment for the crypto and broader tech innovation sectors. CEO Caitlin Long's hints at an appeal underscore the ongoing struggle between regulatory bodies and the burgeoning tech industry. This case highlights the challenges faced by crypto-friendly banks and the potential stifling of innovation by regulatory entities.