Caitlin Lengthy, the CEO and founding father of Custodia Financial institution, has been preventing for entry to the Fed funds system for a few years. Custodia first utilized for a Fed grasp account in October 2020.
After her utility was endlessly delayed, she sued the Fed to evaluation her utility. They finally did and dominated towards her. So, she sued the Federal Reserve once more.
Final month a Wyoming choose dominated towards Custodia. We realized on Friday that Custodia is interesting that call. The financial institution has appealed to the Tenth Circuit.
Nobody may accuse Caitlin Lengthy of not making an attempt. She has been steadfast in her perception that Custodia deserves a Fed grasp account and has been a vocal critic of Fed coverage not permitting a brand new breed of financial institution like Custodia entry to the Fed.
The battle will proceed.
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> Custodia Financial institution Appeals Courtroom Loss in Fed Grasp Account Lawsuit
By Nikhilesh De
Custodia, a Wyoming-based aspiring crypto financial institution, filed a discover of attraction towards a courtroom ruling that affirmed the Federal Reserve’s rejection of its bid for a grasp account and membership.
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