Home » US court rejects Fed’s motion to dismiss Custodia Bank case

US court rejects Fed’s motion to dismiss Custodia Bank case

by WorldFinance
0 comment 1 minutes read
US court rejects Fed's motion to dismiss Custodia Bank case

Custodia Bank won a step forward in its legal battle against the Federal Reserve, as a Wyoming federal judge denied dismissal motions from both the Fed and the Federal Reserve Bank of Kansas City.

The digital asset bank sued the Federal Reserve in June 2022, claiming an “unlawful delay” in processing an application for its master account. In 2020, Caitlin Long, former Morgan Stanley (NYSE:) and an early proponent of , founded the bank to provide account services for crypto companies and serve as a bridge to the United States dollar.

Screenshot of the Order on Defendant’s Motions to Dismiss Amended Complaint. Source: Court Listener

Continue Reading on Coin Telegraph

See also  Meta’s Zuckerberg grilled by senators over ‘leak’ of LLaMA AI model

You may also like

Our Company

Critical insights and analysis on Finance in the world


Subscribe my Newsletter for new blog posts, tips & new photos. Let's stay updated!

Laest News

@2023 – All Right Reserved. Designed and Developed by WorldFin.news