In brief
- Custodia Bank is asking a federal appeals court to rehear its loss against the Federal Reserve using a rare en banc review.
- The bank argues the Fed’s refusal to grant it a master account raises constitutional and states’-rights issues.
- Judges previously upheld the Fed’s discretion to deny master accounts.
After losing a key court battle in its bid to force the Federal Reserve to grant it a coveted master account, crypto bank Custodia is now urging a federal appeals court to revisit the ruling—via an extraordinary, rarely granted procedure.
Custodia has asked the U.S. Court of Appeals for the 10th Circuit, based in Denver, to rehear its case “en banc”—meaning all 19 judges on the court would review the case, as…
Dec 16 2025
