10th Circ. Rules Fed Can Reject Master Account Access

By Katryna Perera ( October 31, 2025, 9:46 PM EDT) -- A divided Tenth Circuit panel ruled Friday that Federal Reserve banks have the discretion to reject master account access requests from eligible entities, rejecting crypto-focused Custodia Bank's claim that it is entitled to a master account in a decision that prompted a dissenting judge to say "the Fed has gone too far."...

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