Several parties have submitted curiae briefs to the appellate court to support Custodia Bank’s approval for a master account from the Federal Reserve. Donald Verrilli, the United States solicitor general from 2011 to 2016, has alleged in an appellate filing… #Crypto #custodiabank #DonaldVerrilli

Custodia Bank Appeals Against US Federal Reserve

Custodia Bank appeals court ruling on rejected master account, claiming discrimination against crypto businesses. Custodia Bank has submitted a notice of intent to appeal following a court ruling… #Cryptocurrencies #CustodiaBank #FederalReserve

3/ Avits use #stablecoin tech but they're *actual dollars* (not merely claims to dollars), since banks (not non-banks) issue Avits. @Vantage_Bank & @custodiabank did the heavy lifting to integrate them safely into the banking system, working closely with our bank regulators.

"Big blow for Custodia Bank as a judge rules that the Federal Reserve does not have to grant them access to a master account. 😔 #FinancialInstitutions #FederalReserve #CustodiaBank 💼🚫"

Custodia and Vantage Banks launch First U.S. Bank-issued Stablecoin on Ethereum. - Custodiabank custodiabank.com/press/custod...

Custodia Bank’s Federal Reserve Bid Rejected by Court

Custodia Bank faced a ruling from the Wyoming court, which determined that it is ineligible for a Federal Reserve master account. A Wyoming court ruled against the lender, ruling that Caitlin Long’s Custodia Bank… #Court #CustodiaBank #FRBKC

(i.e., banks can, but trust companies and other non-banks cannot). More in this handy chart below (from a soon-to-be-published #stablecoin paper). Among crypto-native companies in operation, only two (@krakenfx Bank & @custodiabank) are authorized by statute to receive U.S. dollar deposits.

US Court Backs Fed in Custodia Bank Case, Rejects Appeal

Custodia Bank attempt to obtain a master account with the Federal Reserve was rejected by the US Court for the District of Wyoming. The district US court has decided not to grant Custodia Bank a master… #Court #CustodiaBank #DigitalAssets

1/ MILESTONE ACHIEVED--a tokenized dollar (AvitTM) issued on a permissionless blockchain was used Friday *within the banking system* to make cross-border US dollar payments. @custodiabank & @Vantage_Bank teamed up to do it for Mexico-based trucking & logistics company, DX Xpress.

🏦 @custodiabank & @Vantage_Bank Execute First U.S. Bank-Issued Stablecoin Transaction

A major step toward regulated digital asset adoption within the banking sector.
cointelegraph.com/news/custod...

Federal Reserve Ruling Stifles Crypto Innovation

Despite Custodia’s efforts, the court ruled in favor of the Federal Reserve, prompting speculation about an appeal. Custodia Bank CEO Caitlin Long stated in an interview with FOX Business correspondent… #Cryptocurrency #CustodiaBank #FederalReserve

GOOD WAY TO UNDERSTAND the buzz about crypto companies applying for OCC trust charters👇: “In terms of tiers, a master account is Diamond, bank is Platinum, trust companies are Gold & money transmitter licenses are Silver.” Only 2 crypto companies are banks (@custodiabank & @krakenfx);

Launching the 'property-rights-respecting' service, Custodia Bank now minimizes risks with segregated custody accounts. A novel approach stated by CEO Caitlin Long. #CustodiaBank #RiskManagement According to Blockworks.

Cardano Founder Accuses US Fed of Corruption

Cardano Founder has accused the US Fed of corruption following its discriminatory actions against financial institutions. Cardano Founder, Charles Hoskinson, has publicly charged the US Federal Reserve with… #Cardano #CharlesHoskinson #CustodiaBank