Crypto bank Custodia files for retrial in its lawsuit against the Federal Reserve

ChainCatcher reported that Custodia Bank has filed a petition for a rehearing en banc with the U.S. Tenth Circuit Court of Appeals regarding its legal dispute with the Federal Reserve. The bank argues that the Federal Reserve's refusal to grant a master account undermines the authority of state-chartered banks and raises constitutional issues. Custodia Bank is requesting the court to reconsider its October ruling, which supported the Federal Reserve's decision to deny the bank access to core central bank payment services. This legal battle has become a precedent for cryptocurrency banks seeking access to the U.S. payment system.