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Ledger Nano X - The secure hardware wallet

Custodia Bank Appeals Court Loss in Fed Membership Lawsuit

26 April 2024

in Blockchain

Reading Time: 1 mins read

Custodia Bank Appeals Court Loss in Fed Membership Lawsuit

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“Unless Federal Reserve Banks possess discretion to deny or reject a master account application, state chartering laws would be the only layer of insulation for the U.S. financial system,” Judge Scott Skavdahl wrote last month. “And in that scenario, one can readily foresee a ‘race to the bottom’ among states and politicians to attract business by reducing state chartering burdens through lax legislation, allowing minimally regulated institutions to gain ready access to the central bank’s balances and Federal Reserve services.”

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Custodia Bank Appeals Court Loss in Fed Membership Lawsuit

Blockchain Powers Jack Ma’s $8-B Ant Group Energy Asset Strategy

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