Custodia Financial institution has taken a step ahead in its authorized battle in opposition to the Federal Reserve, as a federal choose in Wyoming denied motions to dismiss from the Fed and the Federal Reserve Financial institution of Kansas Metropolis.
The digital asset financial institution sued the Federal Reserve in June 2022, citing “illegal delay” in processing a request for its important account. In 2020, Caitlin Lengthy, former govt of Morgan Stanley (NYSE:) and an early supporter of , based the financial institution present account providers for crypto corporations and function a bridge to america greenback.
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