Custodia Bank seeks Supreme Court review of Federal Reserve’s master account denial
Custodia Bank is appealing to the US Supreme Court after the Federal Reserve denied its master account application. This case could significantly impact how digital asset banks interact with the US financial system. The Supreme Court's decision may clarify the eligibility criteria for master accounts under the Federal Reserve Act.
- ▪Custodia Bank first applied for a master account in October 2020, but the Fed denied it in January 2023 due to risk concerns.
- ▪The Tenth Circuit upheld the Fed's denial in a 2-1 decision, and Custodia's request for a rehearing was denied by a 7-3 vote.
- ▪In March 2026, Kraken became the first crypto firm to receive a limited master account from the Federal Reserve, indicating a potential shift in the Fed's approach to crypto institutions.
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Custodia Bank seeks Supreme Court review of Federal Reserve’s master account denial The Wyoming crypto bank's six-year fight over Fed access could reshape how digital asset institutions connect to the US financial system. Share Add us on Google by Editorial Team May. 29, 2026 window.sevioads = window.sevioads || []; var sevioads_preferences = []; sevioads_preferences[0] = {}; sevioads_preferences[0].zone = "01f21ccf-2092-46b1-9ac7-8c44cc782e0f"; sevioads_preferences[0].adType = "native"; sevioads_preferences[0].inventoryId = "c5700508-581b-472c-8fdd-a931cdbfc8e1"; sevioads_preferences[0].accountId = "1e47efc1-ec2d-4fca-a8b9-354e249e5095"; sevioads.push(sevioads_preferences); Custodia Bank is taking its fight to the highest court in the land.
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