Custodia Bank lost the lawsuit against the Federal Reserve for rejecting the master account application
2024-03-29 22:43:23
Custodia Bank lost the lawsuit against the Federal Reserve for rejecting the application for a master account, and the judge ruled that the Federal Reserve has the authority to decide whether to grant the master account. Wyoming District Judge Scott Skavdahl stated that federal law does not require the National Central Bank to allow every eligible depository institution to access its main account system, and the evidence provided does not indicate that the Federal Reserve Board has influenced a regional branch of the Federal Reserve to reject its account application.
Disclaimer:
1. The information provided does not constitute investment advice. Investors should make independent decisions and bear all risks themselves.
2. The copyright of this content belongs to the original author. The views expressed herein are solely those of the author and do not represent the stance or position of this website.
Previous article：
Custodia Bank在诉美联储拒绝主账户申请的诉讼中败诉Next article：
LTC突破100美元
