Crypto bank Custodia has encountered another setback in its efforts to secure a master account with the Federal Reserve. The court has rejected Custodia’s pursuit, adding to the challenges faced by the institution. This decision underscores the ongoing difficulties that Custodia has experienced while trying to establish a banking relationship with the Federal Reserve. The rejection highlights the complexities involved in the regulatory landscape surrounding cryptocurrency and traditional banking systems. Custodia’s attempts to navigate these hurdles reflect broader issues within the industry as it seeks to gain legitimacy and access to essential banking services.
