Crypto Group Warns Fed Could Use Banking Access to Squeeze Digital Asset Firms
The Blockchain Association is urging the Supreme Court to consider Custodia's case, warning that the Federal Reserve's broad authority over 'master accounts' could be leveraged to exclude cryptocurrency firms from the banking system. They argue that the Fed should not have the discretion to deny eligible state-chartered banks direct access to its payment system.
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Crypto Group Warns Fed Could Use Banking Access to Squeeze Digital Asset Firms
The Blockchain Association is urging the Supreme Court to take up Custodia’s case, saying that broad Fed power over “master accounts” could be used to push crypto firms out of the banking system.
Crypto group backs Custodia in Supreme Court battle over Fed access
The Blockchain Association argues the Fed should not have broad discretion to deny eligible state-chartered banks direct access to its payment system.