The 10th US Circuit Court of Appeals upheld Custodia's ruling that it was not entitled to the Fed's main account, a result that TD Cowen described as a "speed bump rather than a roadblock," with the prospect of crypto banks being connected to the central bank's payment system in the form of "skinny moderator accounts."
Currently, institutions including Coinbase, Ripple, and Circle are also seeking national trust banking licenses.
TD Cowen: US court upholds Custodia's lack of access to the Fed's main account ruling, the result is a "speed bump"
2025-11-04 00:30:07
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