Amin Ayan is a crypto journalist with over four years of experience in the industry. He has contributed to leading publications such as Cryptonews, Investing.com, 99Bitcoins, and 24/7 Wall St. He has...
A US federal appeals court has rejected Custodia Bank’s final attempt to challenge the Federal Reserve’s authority over granting master accounts, bringing an end to the crypto-focused bank’s five-year legal fight for direct access to the central bank’s payment infrastructure.
The development sparked speculation that US regulators might consider issuing “skinny” or restricted master accounts to crypto firms seeking closer integration with the banking system.
Recent applicants for national bank charters include Nubank, Crypto.com, Circle, Ripple, BitGo, Fidelity Digital Assets and Paxos, signaling growing interest among fintech and digital asset firms in gaining direct access to the US banking system.
